Internal Audit Challenges During Times of COVID

COVID-19 has impacted all professions and internal audit is no exception. As if communicating and conducting an internal audit on-site isn’t hard enough, now we face the challenges of remote work and a rapidly changing risk environment.

Towards the end of 2019 and into early 2020, many internal audit groups would rank the following as some of their top challenges:
♦ Emerging technologies
♦ Skillset
♦ Resources

With the onset of COVID, organizations, their environments and their ways of working have evolved rapidly and in ways that had not been previously envisioned.

Internal auditors must look within to determine how to stay relevant and add value in this changing and emerging environment.

It is important that Internal Audit is proactive and prepared, while remaining pragmatic, as the situation continues to evolve.