n today’s dynamic and disruptive world, most organizations are
undertaking some form of fundamental transformation. Whether
they are developing new products and services, refocusing on customer expectations, exploring new technologies, entering the next
phase of their push to globalization, or simply seeking new efficiencies, radical change is now an everyday fact of life. Organizations
and their internal auditors cannot afford to be static if they want to
survive in this environment.
The fact that the rate of change is faster and more intense than
ever has major implications for both companies and their internal
auditors. It affects the nature of assurance that internal audit stakeholders are seeking, but it can also greatly enhance the speed and
quality of the assurance we can provide.
Until recently, assurance was more focused on past events. But
the rate of change means that the past is no longer a safe predictor
of the future. In today’s environment, organizations are calling internal auditors to be more forward-looking. Boards want comfort that
as they take their next steps, they can see the potential stumbling
blocks and understand what they need to do to get around them.
As businesses strive to find opportunities in
a world driven by technological transformation,
internal auditors need to continually
innovate to stay ahead of the game, says
ShAnnOn UrBAn, 2017–2018 chairman of
The IIA’s north American Board.
June 2017 45 Internal audItor
Photographs by rick Friedman
nOr Th AmerIcAn BOArd