The more sophisticated Internal Audit functions are increasingly linking their audit plan to business strategies and current risks. Internal Audit is shifting priorities from a traditional financial and compliance focus to a more operational and ERM strategy focus.
Developing and maintaining the technical competencies and enabling technology necessary for automating the identification of exceptions and/or anomalies, analysis of patterns within the digits of key numeric fields, analysis of trends, detailed transaction analysis against cut-offs and thresholds, testing of controls, and the comparison of the process or system over time and/or against other similar entities would benefit Internal Audit in its transition
Join this MetricStream sponsored webinar to get an insight to:
- Incorporate a risk based policy, methodology and infrastructure benchmark assessment as part of every internal audit
- Ensure risk appetite is appropriately defined and extensively communicated across the organization
- Evaluate an organization’s strategies to assess risk, including the impact of cascading events that could lead to a higher risk priority and catastrophic risks
- Define the technology infrastructure necessary to support the new Internal Audit norms with the ability to manage the organization performance
