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Greek philosopher Heraclitus is known for his belief that “the only constant in life is change.” Over 2,500 years have passed since those words were first written, and as we observe our own surroundings and our own reality, we can appreciate that these words continue to ring true in every aspect of our lives.

For several years, professional services firms and associations have been encouraging and even imploring Internal Audit teams to evolve their methodology to keep pace with the changes that are happening within their own organizations.

As a government services provider, this organization’s internal audit team adheres to a risk-based audit approach to manage its ever-changing regulatory demands. Data analytics plays a key role in supporting that approach by helping internal auditors leverage data to get a real-time pulse on the organization’s risk.

Healthcare giant Sanofi adopted Wolters Kluwer’s TeamMate+ to integrate processes across a new internal control department and internal audit. It soon found that it opened up far greater assurance possibilities across the global organisation.