The future of Internal Audit
Manage disruption while building stakeholder trust
The role and focus of internal audit (IA) are ever-evolving. This installment of the KPMG On the CAE Agenda series provides quick insights into what IA leaders have been hearing during the first quarter of 2023, as well as the topics they believe will continue to drive conversation with their stakeholders across the core elements of their CAE agendas as we move into Q2.
Hot topics in internal audit and key focus areas
- Auditing in an inflationary environment (e.g., cost recovery audits and risk prioritizations)
- Business continuity and disaster recovery
- Auditing digital platforms and complex AI models (e.g.., ChatGPT)
- Assurance over IT capital investment
- Mergers and acquisitions
- Economical and geopolitical uncertainties
- Upskilling vs. outsourcing SMP talent
- Climate change impact on the business
- Fraud risk management
- Cybersecurity (e.g., ransomware incident response, phishing, hacking, data theft)
- Change governance
- IT resiliency (Ability of an org. to maintain acceptable service levels when there is a disruption of critical operations, IT ecosystem)’
- Governance modern delivery (e.g., Agile, DevOps)
- ESG strategy and reporting (e.g., data governance)
A pulse on what Chief Audit Executives (CAEs) are focused on, with a lens on top risks being considered.
