For this, the second in our current series of free webinars we were joined by Liz Sandwith, Chief Professional Practices Adviser for the Chartered Institute of Internal Auditors.
Organisations and their internal audit functions face a dizzying pace of change and unprecedented uncertainty. The pandemic has destabilised operations and labour, disrupted supply and demand, and undermined previously sound business models to an extent few would have thought possible. Change and uncertainty will define 2022 and the years that follow. Internal audit must understand this change in the outside world, articulate how well it believes organisations are adapting to these pressures and identify how effectively associated risks are being accounted for and managed. In many cases this will require a complete rethink of internal audit’s strategy, planning and where it focuses its efforts. Failing to evolve, will erode the impact and value internal audit can bring. The challenge for internal audit is to keep up with the latest stakeholder requirements, new risks and new technology as possibilities evolve. Internal audit functions, and therefore internal auditors, must continually develop and enhance their capabilities to meet future challenges.
If you would like to view the Webinar recording please click on the link below