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: March 20, 2024

Included In Certifications

This course is included in the following Certification Programs:

28 CoursesInternal Controls and Internal Audit Certification

  1. Internal Audit Standards Overview
  2. Internal Audit Standards - Managing Internal Audit Work
  3. Internal Audit Standards - Executing the Audit Engagement
  4. Identifying and Implementing the Proper Balance of Internal Controls
  5. Documentation Methods For Internal Control Processes
  6. Segregation of Duties for Core Business Processes
  7. Foundations for a Strong Internal Audit Department
  8. Internal Audit Management - Top Skills
  9. Internal Audit: Keys to Managing an Effective Function
  10. Understanding Risk-Based Auditing
  11. Risk Based Auditing – Establishing a Methodology
  12. Risk Based Auditing – Applying the Methodology
  13. Cyber Risk Frameworks And Concepts
  14. Information Technology (IT) Controls in Emerging Business Environments
  15. Fraud Risk Assessments
  16. Professional Skepticism - Keys to Maintaining
  17. Introduction to Forensic Accounting
  18. The Fraud Triangle
  19. Internal Audit Effective Relations with the Audit Committee
  20. COSO 2013 Overview
  21. COSO 2013 - Operational Execution
  22. Internal Audit Emerging Risks for 2021 and Beyond - Part 1
  23. Internal Audit Emerging Risks for 2021 and Beyond - Part 2
  24. Internal Audit Emerging Risks for 2021 and Beyond - Part 3
  25. Internal Audit Emerging Risks for 2021 and Beyond - Part 4
  26. Internal Audit Challenges During Times of COVID
  27. Tools for Internal Control Certificate
  28. Lessons of an Auditor- Tools for Internal Control Certificate
14 Reviews (78 ratings)


Anonymous Author
Interesting subject matter that is very relevant in today's business environment. Great information pertaining to cybersecurity and business continuity/disaster recovery.

Anonymous Author
This course provides a good understanding of cyber risks and the need for a Business Continuity Disaster Recovery plan that is well developed, monitored, and updated.

Member's Profile
This course provided timely information that is very helpful to the internal auditor. I look forward to the next two parts!

Member's Profile
Very good and timely course. The overview of cyber risks and the focus on business continuity is very insightful.

Anonymous Author
I like these emerging risk courses for new and modern looks at the risks and controls facing our business lines.

Anonymous Author
This is mostly a reminder course on NIST & BCP, no deep discussion of new, emerging risks.

Anonymous Author
Good overview and helpful examples as to where to focus attention and things to consider.

Anonymous Author
good course, lots of information, slides and presentation corresponded appropriately

Anonymous Author
A great refresher course. Nothing surprised me. This is beneficial to everyone.

Anonymous Author
The course provides valuable insights on recent internal audit emerging risks.

Member's Profile
Many new thoughts on these topics for me. Thoroughly enjoyed this course.

Anonymous Author
This session provides helpful information regarding the NIST Framework.

Member's Profile
Great information!! I always get a lot out of Lynn's presentations!

Anonymous Author
this is a very good course for beginner level internal auditors.

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 .
Instructor for this course
Course Syllabus
  Introduction to Internal Audit Focus and Emerging Risks 2021 and Beyond-Part 24:49
  Cyber Vulnerabilities13:22
  Cyber Vulnerabilities Continued10:44
  Cyber Risks13:55
  NIST Framework11:02
  NIST Framework Continued8:20
  Business Continuity Disaster Recovery(BCDR)10:32
  Business Continuity Disaster Recovery(BCDR) Cont'd8:28
  Talent Resilience12:29
  Corporate Social Responsibility10:48
  Summary 2:00
  Internal Audit Emerging Risks for 2021 and Beyond - Part 21:46:29
  Slides: Internal Audit Emerging Risks for 2021 and Beyond - Part 2PDF
  Internal Audit Emerging Risks for 2021 and Beyond - Part 2 Glossary/ IndexPDF