In response to the changing environment, new risks, regulations and increasing stakeholders’ demands, the internal audit function is moving beyond its traditional transaction-based approach to a more progressive and forward looking one that delivers strategic business assurance and value to an organization. The shifting focus of Internal Audit towards corporate and business goals, strategies and risk management processes needs to be complemented by an upgrade in the Internal Audit infrastructure.
The upgrade will require Audit to adopt a risk-centric mindset and a conceptual approach to audit, risk assessment, and risk management that goes beyond the traditional approach of control based assurance model. In addition, the upgrade also involves developing and maintaining technical competencies and enabling technology necessary for coping with the challenges of Internal Audit in transition.
Join this MetricStream webinar to get a complete perspective on:
- Identify key challenges in managing internal audit in today’s environment
- Describe the scope of upgrade including the impact on organization
- Define the technology infrastructure necessary to support the upgrade
