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Building on New Approaches
2019 Planning Priorities for Internal Audit
Deloitte research1 and experience strongly indicates that stakeholders expect Internal Audit to be far more focused on the risks and issues of the future than on those of the past. This means shifting from auditing the past to advising on the future and to focusing on activities that present new and unfamiliar risks. Some of this will require new skills and talent models. Some demand new frameworks and interaction with new stakeholders. Failing to keep pace with the evolving organization and environment, however, puts at risk Internal Audit’s role as a relevant, engaged, and strategic player within the organization.
For that reason, our high-impact areas of focus for 2019 identify activities and risks that present opportunities for Internal Audit to make a positive impact. Whether by adopting new methods, such as automating core assurance and taking an Agile approach to internal auditing, or auditing new threats, such as digital risk, a focus on these areas as they relate to your organization will heighten Internal Audit’s impact and influence. Moreover, these areas of focus will satisfy stakeholders who desperately need Internal Audit’s objectivity, skills, and advice as they tackle new challenges.
The Internal Audit profession has not been forced to innovate for decades. Organizations and their environments are changing faster than ever and in ways that are less predictable
An eye on the future