Businesses are confronted by rapid change. Changes in customer’s behaviours, technology, competition and regulation. These are just a few of the disruptors that drive businesses to rethink their value proposition. Whilst there are clearly opportunities, it also leaves organisations facing new and often complex risks. Internal Audit has emerged as a critical lever for change. Now, more than ever, it needs to rise to the challenge and demonstrate its value so companies have the confidence to move faster and act decisively.
Drawing on our experience supported by extensive research, we have identified the eight attributes that we have observed that characterise leading internal audit functions.
These attributes are:
An internal audit function is a critical line of defence protecting an organisation from the unthinkable. If any of the following factors apply to your business consider contacting PwC:
External drivers of change are influencing how internal audit should evolve to maintain its relevance
Businesses are not unique; we understand the correct approach for each starts and ends in different places.
The right skills and experience to help you identify, prioritise and gain assurance over the current and emerging risks that matter most to your business.
An ability to respond in an agile, flexible and cost-effective way to changes in your business strategy, delivering internal audit solutions that are tailored to your needs.
Highly skilled and experienced team who you and your stakeholders can trust to give the level of assurance needed to grow sustainably whilst exploiting the opportunities presented by an expanding risk landscape.
A forward-looking approach in which uses the very latest tools and technology, is informed by leading thinking and generates deep insight.
Partner, Internal Audit & GRC Leader, PwC Middle East
Tel: +966 56 007 9699