A new era of IA: Paving the way for meaningful impact in 2024

Prioritizing key risks: Insights from the IA 4.0 Framework

In today's business environment, the internal audit function must keep pace with the hastening speed, volume, and complexity of risk. Against a volatile geo-political backdrop, organizations are navigating risks posed by environmental, social, and governance (ESG) regulations, emerging technologies such as Generative AI (GenAI), and the future of work.

Our recently updated Internal Audit 4.0 framework offers three new features that we believe can greatly enhance internal audit’s impact and value for your organization. By aligning internal audit outcomes with the organization’s purpose, accelerating organizational change and learning, and fully embracing digital technologies, internal audit leaders can stay ahead of the curve and continue to evolve the function to meet stakeholder needs. But, without a deep understanding of the risks that matter, functional improvement alone cannot maximize the impact that an internal audit function can make. We are pleased to present our perspective on the most significant risks facing organizations today and what strategies internal audit functions should adopt to provide the assurance and insights needed to address these risks effectively.

We encourage you to review our report as you plan for the year ahead. Deloitte has a wealth of experience in the areas covered, and together, we look forward to helping your organization manage these risks effectively and emerge stronger and more resilient in the face of uncertainty.

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