Agile Internal Audit

Our take

In many industries, disruptions are bigger, coming faster and require responses that are quicker and more fluid. In this environment, internal audit must also be more flexible and agile. Leading organizations view internal audit as a catalyst and valued resource, challenging the status quo and proactively identifying and focusing on emerging risks. Internal audit must be at the forefront of change and disruption with innovative strategies and an equally flexible approach supported by the right talent.

Agile auditing principles and methods can be an excellent addition and complement to current internal audit procedures and methods in environments where:

• Risks are rapidly changing,
• There is a need to prioritize and focus efforts on the highest best use of time and resources,
• Management and the audit committee seek regular engagement, and/or,
• There is ready access to quality data and resources to take an iterative approach to auditing.