With pressure to do more with less in an environment of unprecedented business disruption, the Internal Audit function must evolve to become the trusted partner of its leadership team.
You can help your organization pivot with greater speed, agility, and flexibility. With new thinking, skills, and capabilities, Internal Audit can become a more dynamic problem solver to help the organization address changing market conditions, customer expectations, and workforce needs.
How will you transform and build better protection for your organization?
Work more efficiently and create more value in less time. Your stakeholders will see the true value Internal Audit adds and regard it as an integral part of its risk management strategy.
Six areas that Internal Audit should do well
As you transform, manage change, and build trust in today’s environment, you will want to put future-ready processes and models in place. KPMG has identified six areas of focus to help you deliver greater value.
|Stakeholder engagement and trust||Strategy and value management||Digital acceleration|
|Know your top stakeholders and take time to foster relationships attuned to their needs||Consider a strategic mix of enhanced assurance, risk insights, and business improvements to prioritize and identify emerging risks||Select technology with organizational goals in mind to enable program and project level work|
|Data, analytics and insights||New ways of working||Operating model agility|
|Curate and use both enterprise and external data to provide risk insights and enhanced assurance||Rethink where services are delivered and what competencies are needed so you can retain the right talent||Be responsive to disruption, flex with the business strategy throughout the year, and coordinate with other lines of defense|
Turn disruption into opportunity
KPMG brings its extensive knowledge of Internal Audit gained from working with many businesses to help you build an agenda for transformation. Learn more here.
Digitized internal audit
KPMG hosted a webcast in April 2022 with the Insitute of Internal Auditors (IIA) on the topic of digital acceleration in the internal audit function. During the webcast, we polled over 700 individuals who hold various internal audit roles at their organization. Here is what we discovered.