U.S. President Donald Trump has taken the world by storm. From tough talk and bold action on immigration and trade to media skirmishes and promises to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Trump administration has served notice it plans to shake things up.
Trump’s promises to drastically roll back regulations, renegotiate trade deals, and more are creating unease about their implications for internal auditors. But before we can pass judgment on whether the Trump era will be good or bad for internal auditing, we should take a step back and assess a number of factors.
First, we cannot yet predict the level of deregulation that the administration will achieve, how quickly it will happen, or its impact on the audit plan.…