The Evolving Role of Internal Audit

The Evolving Role of Internal Audit in a Connected GRC Environment

The rapidly changing business and regulatory environment has resulted in a change in focus of many internal audit practitioners to a broader more strategic role. The traditional activities of operational audits, internal control testing and auditing financial statements have been expanded to a more connected role with compliance and risk management.

This whitepaper examines how the role of internal audit is evolving and the expectations that key organizational stakeholders have on internal audit on taking leadership role in and providing an objective view on enterprise risk management, corporate governance and fraud prevention.