In the past 10 years, many significant events have occurred that have dramatically altered the risk landscape that internal auditors must navigate. From strict new post-financial crisis regulations, to an explosion of cyber attacks, to the emergence of risks related to artificial intelligence, data ethics, and privacy, the decade has reshaped the work of internal audit.
Many of these changes will have lasting and profound impacts on how the profession serves the public interest. They offer challenges that will test our ability to provide independent assurance and support sound corporate governance. They also offer great opportunities to position internal audit as a true partner to the board and executive management.…