Internal Auditors have come a long way from being checklist users and purveyors of standard substantive testing. The growth of the Internal Audit function has blossomed, and they have now stepped into advisory roles that help foresee potential risks and assess controls. Models have also been developed to help Internal Auditors focus on high-risk areas where the return of reviewing these processes is much higher. The more Internal Auditors focus on...read more
(Covid-19) Has your company prepared its contingency plan? How will your Internal Audit fare during these uncertain times?
It seems that every day brings major developments in the new COVID-19 reality. We are seeing an escalating trend toward remote work as companies institute work from home policies while many have closed their offices and retail locations altogether. As more companies implement their business continuity plans, resources are being invested in critical operations that affect customers and third parties. When it comes to Internal Audit, it is often...read more