Insight

Financial services: Pivoting the internal audit plan amidst COVID-19

Considerations and areas of internal audit focus

TJ Scallon

TJ Scallon

Partner, Internal Audit & Enterprise Risk, KPMG US

+1 212-954-7059

Shruti Shah

Shruti Shah

Principal, Internal Audit & Enterprise Risk, KPMG US

+1 973-912-6316

Jason Freund

Jason Freund

Partner, Internal Audit & Enterprise Risk, KPMG US

+1 212-872-5592

During these unprecedented times, internal audit departments can play a key role in bringing order to their organizations.

COVID-19 considerations/areas of internal audit focus can include:

  • Assessing the impact of “social distancing” and remote access challenges
  • Board awareness and risk governance
  • Conduct, culture, and reputational risks
  • Credit impairment, loan modifications, and related operational impacts
  • Cyber, information security, and privacy
  • Finance and Accounting
  • Financial crimes
  • And more
Financial services: Pivoting the internal audit plan amidst COVID-19
Download KPMG’s Point-of-View paper to learn more about the role internal audit departments can play amidst COVID-19.