The world we live in is rapidly changing. As these changes occur, risks are also emerging at an incredible pace. With so much happening all around us, how can internal auditors manage risk and environmental changes to deliver timely insights that matter most to the business?
Today, business decisions have to be made faster, both in response to changing conditions transpiring now and in anticipation of what’s next. This means it’s no longer prudent to perform internal auditing tasks yearly. Stakeholders want information about the risks they are facing tomorrow, not the risks from the past year.
To keep pace, you need to shift your internal audit team toward a continuous risk assessment mindset. And it all starts with your audit universe.