Internal Audit Emerging Risks for 2021 and Beyond – Part 3

This is the third segment in a four-part series on examining Internal Audit Focus and Emerging Risks for 2021 and beyond. Part one first analyzed three core contributing factors to changing risks including:

• 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. Part Two of the series included lesson objectives around:

• Examine Cyber Vulnerabilities and identify internal audit focus areas
• Evaluate Business Continuity Disaster Recovery and determine internal audit focus areas
• Understand talent resilience and apply the concept to internal audit and the organization
• Evaluate Corporate Social Responsibility and understand areas internal audit can provide value

This training is part three in the series. Lesson objectives included:

• Evaluate third-party management risks and identify procedures internal audit should focus on
• Evaluate supply chain management and identify procedures internal audit should focus on
• Evaluate the field of data and analytics and examine how internal audit can use appropriate tools and techniques to incorporate procedures into their audit.