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.
Prerequisites
No advanced preparation or prerequisites are required for this course.
Learning Objective
- Identify the challenges for auditors to stay relevant in a changing business environment.
- Explore the importance of upgrading the skills and exposure of the internal audit team.
- Recognize the role of technology in assuring a smooth transition to value-add audit.
Last updated/reviewed: March 13, 2024
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INTRODUCTION AND OVERVIEW
- Introduction to Internal Audit Challenges During Times of COVID 5:13
- Challenges-Part 1 8:22
- Challenges-Part 2 11:03
- Challenges-Part 3 8:39
- Skills and Needs 13:39
- Technology and Other Emerging Risk Areas 10:38
- Technology and Other Emerging Risk Areas Cont'd 9:11
- Other Emerging Risk Areas 5:57
- Summary 1:32
CONTINUOUS PLAY
SUPPORTING MATERIAL
- Slides: Internal Audit Challenges During Times of COVID PDF
- Internal Audit Challenges During Times of COVID Glossary/ Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
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