Internal Audit 2022 - A Bright Future or Storm Clouds?

The internal audit profession is at a crossroads. The profession clearly demonstrated resilience during the pandemic, and emerged as an innovative and agile resource in many organizations. However; recent research indicates that storm clouds may be brewing for the profession in the months and years ahead.

In this episode of AuditTalk, Richard Chambers, Senior Internal Audit Advisor at AuditBoard and former CEO of The Institute of Internal Auditors, explores the strengths and opportunities facing the profession, in terms of stature and the value it adds, including:

►Why unprecedented risk velocity and volatility have created a state of risk Bedlam.

►Signs that internal audit is heading toward a bright future, including resilient resources and cultivating a diversity of skills.

►Ominous indicators that the future will present significant challenges for the profession, such as losing ground in reporting relationships and losing the war for talent.

►How internal audit can contend with the unrelenting pressure of new risks to make sure that our brightest days are ahead.

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