2017 planning priorities for internal audit in financial services
Our latest paper explores the key planning priorities that internal audit departments should be covering in 2017
In an era of continued challenge around conduct and behaviour for firms, regulators and Boards are more aware of the issues and prepared to act. Customers and clients continue to expect more from the industry. The focus of this years publication is Building trust.
As we highlighted in our recent 2016 Global Chief Audit Executive Survey, there remain a number of important challenges for Internal Audit functions. Most expect their organisations and functions to change substantially in the next few years yet lack the impact and influence they desire. Gaps remain in certain skills including analytics and IT, and methods of effective communication. While stakeholders expect more forward-looking insight around risk, strategy and business performance the expectation on Internal Audit to make an impact is now.
This paper covers what Internal Audit should do to build trust and address these changes - assessing the impact on audit approaches, methodologies and resource models.