In a matter of weeks, COVID-19 snowballed from a health crisis in one corner of the globe, to a full-scale pandemic that disrupted business operations, revenues, supply chains, and labor markets worldwide. Many internal audit plans that had been neatly laid out for the year suddenly had to be paused, changed, and in some cases, completely redefined.

A fresh set of audit priorities emerged, centered on health and safety, crisis management, operational resilience, and business continuity. But that was just the tip of the iceberg. As the pandemic unfolded, other risks such as cyber-attacks and internal fraud rose to the top of the audit agenda.


To find out, we surveyed internal auditors from across industries and countries. The objective was to understand how prepared internal auditors are to help their organizations recover from the ongoing crisis, and model a holistic audit program that drives insight and action.

The key areas tackled in the survey were:

  • How COVID-19 has globally impacted internal audit professionals and their way of work.
  • The biggest internal audit challenges, ranging from skills shortages, to a changing risk landscape
  • Top tools, techniques, and technologies used by audit professionals to adapt to the new normal
  • The most important audit priorities and future areas of investment


  • Enterprise, operational, and cybersecurity risks are top of mind for internal auditors
  • Nearly 70% of auditors have had to change their plans, and reprioritize audit activities during the pandemic
  • Over a third of auditors are experimenting with data analytics and visualization
  • Almost 40% of internal auditors are in the process of implementing, or have already implemented continuous monitoring and continuous auditing and are actively using them
state of internal auditInternal Audit

Impact of COVID-19 on Internal Auditing:

Nearly 70% of auditors have had to change their plans and reprioritize audit activities to address the new risks arising from the pandemic. Twelve percent either increased their audit scope or team capacity, while fifteen percent deployed new solutions to improve efficiency.

Internal Audit

Audit Tools and Technologies

Internal auditors are leveraging technology in different ways. Most are using it to conduct field work, or to create audit plans. Others are applying it to enhance risk assessments, audit scheduling, issue documentation, follow-up, and reporting. Over a third have gone beyond the traditional applications of audit technology and are experimenting with data analytics and visualization. These innovative tools make remote auditing and continuous monitoring easier. They also improve decision-making by providing a wider perspective on risks, challenges, and uncertainties at multiple levels.

Internal Audit



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