The COVID 19 pandemic also confronted internal auditors with major challenges. For example, auditors had to completely abandon or quickly revise well-thought-out plans and familiar checklists and procedures. To ensure the effectiveness of their organization’s risk management, governance, and internal control processes, internal auditors had to reorient themselves. The importance of agility and flexibility increased.
An issue of Internal Auditing Around the World by Protiviti took a closer look at the issue of internal audit resilience. The central question is, “What is internal audit’s role in business resilience?”. To preface the answer increasingly, it plays a central role.
You can find the report here.