Forward-looking internal audit in step with business changes
Internal audit functions need to evolve to position themselves to take on their company's most relevant risks.
BUSINESSES are confronted by rapid changes in today's landscape. Changes in customer behaviours, technology and competition are just some of the many disruptions that drive businesses to rethink their value propositions. In the face of this, some organisations are undertaking transformative business strategies to confront dynamic market shifts. While such actions present opportunities, they also leave organisations vulnerable to new and more complex risks.
Are functions within the organisation evolving to keep up with rapid transformation and the risks that follow?
According to PwC's Global 2015 State of Internal Audit Profession study, internal audit functions that are aligned with the strategic direction of their businesses are operating at the forefront of the most relevant risks. They are also highly valued by their stakeholders.
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