The internal audit function of the future

[...]the complexity of the business and the fast-changing risk landscape drive the skills required to strategically align with the fast-changing business landscape. The key game changer is that the internal auditor of the future does not necessarily possess the traditional auditing skills and qualif...

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Bibliographic Details
Published inAccountancy SA pp. 34 - 35
Main Author Mabaso, Mbali Precious
Format Trade Publication Article
LanguageEnglish
Published Johannesburg South African Institute of Chartered Accountants 01.06.2023
Subjects
Advisors
Auditing
Audits
Internal auditing
Internal auditors
Investment advisors
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Summary:[...]the complexity of the business and the fast-changing risk landscape drive the skills required to strategically align with the fast-changing business landscape. The key game changer is that the internal auditor of the future does not necessarily possess the traditional auditing skills and qualifications but possesses specialist skills and deep expertise that enables the internal audit function to keep pace with business - that is, auditing at the speed of business and positioning internal auditors as value creators, not 'cops'. Value can be added or created through strategic alignment with the business objectives, the adoption of agile auditing to respond to new and emerging risks, and producing reports that are clear and easy to understand.
ISSN:0258-7254