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In Part one of this series devoted to evaluating internal audit focus areas and emerging risks for 2021 and beyond, we first examined three areas of focus and some of the most impactful risks that Internal Audit should focus on during the new normal.

  • Heightened Focus on Organizational Resilience
  • Elevated Macro Environment Uncertainty
  • Humanization vs. Dehumanization of the Workforce

After reviewing these areas, we will then link them to identified “Hot Spot” topics as identified by the Gartner group that internal audit should be attuned to in 2021 and years forward. In part one we examined IT governance and data governance. With the evolving landscape, risks and economy that have been spurred on by the pandemic of 2021, internal auditors must look to stretch their skills to areas that are most valued by their organizations.

Today's insight may well be tomorrow's hindsight. Stakeholders seek to navigate the future more than revisit the past or dwell in the present. We need to concentrate on the risks of tomorrow if we are to not only protect but enhance value for our organizations. We must start looking beyond the horizon to identify emerging risks.

Learning Objectives

  • Explore and examine Cyber Vulnerabilities and identify internal audit focus areas.
  • Discover and evaluate Business Continuity Disaster Recovery and determine internal audit focus areas.
  • Identify and understand talent resilience and apply the concept to internal audit and the organization.
  • Recognize and evaluate Corporate Social Responsibility and understand areas internal audit can provide value.
Last updated/reviewed: November 27, 2020

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course. However it is recommended to take other Internal Audit Emerging Risks for 2021 and Beyond course series by Lynn Fountain.
Internal Audit Emerging Risks for 2021 and Beyond - Part 1
Internal Audit Emerging Risks for 2021 and Beyond - Part 3
Internal Audit Emerging Risks for 2021 and Beyond - Part 4

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:49Introduction to Internal Audit Focus and Emerging Risks 2021 and Beyond-Part 2
  13:22Cyber Vulnerabilities
  10:44Cyber Vulnerabilities Continued
  13:55Cyber Risks
  11:02NIST Framework
  8:20NIST Framework Continued
  10:32Business Continuity Disaster Recovery(BCDR)
  8:28Business Continuity Disaster Recovery(BCDR) Cont'd
  12:29Talent Resilience
  10:48Corporate Social Responsibility
  2:00Summary
CONTINUOUS PLAY
  1:46:28Internal Audit Emerging Risks for 2021 and Beyond - Part 2
SUPPORTING MATERIAL
  PDFSlides: Internal Audit Emerging Risks for 2021 and Beyond - Part 2
  PDFInternal Audit Emerging Risks for 2021 and Beyond - Part 2 Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM