The Covid-19 pandemic resulted in many changes, including for the internal audit profession. However, these changes have not been exclusively negative; topics such as flexible working models, automation through data analytics and audit technology are increasingly the focus of internal audit. This new normal brings with it multifaceted challenges, for example, the basic competencies for […]
A new article from „Internal Auditor“ addresses the various facets of procurement fraud. Internal auditors who are aware of these signs can help identify vulnerabilities. Procurement is a significant function of business, and internal auditors are responsible for immediately identifying and reporting fraud and ultimately making recommendations to strengthen internal controls. To do this, auditors […]
The KPMG article formulates various questions that internal auditors should ask themselves in view of the Covid 19 pandemic. From this, it is deduced that immediate action and realignment by those responsible for internal auditing is required. For example, a key question internal audit should ask is „How can an internal audit team better leverage […]
According to a survey by AuditBoard and the Internal Audit Foundation (IAF), the ongoing digital transformation of internal auditing will accelerate rapidly in 2021. 22 % of the 134 surveyed heads of internal audit stated that they will implement cloud-based technologies this year. The report Internal Audit’s Digital Transformation Imperative: Advances amid Crisis highlights how […]