Internal Audit: Providing confidence in navigating the ever-changing risk landscape

Start adding items to your reading lists:
Save this item to:
This item has been saved to your reading list.

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.

What good looks like

What good looks like

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:

  • Having an internal audit function focusing on the risks that matter to your organisation, both current and emerging.
  • Access to individuals with the skills needed to deliver credible and relevant assurance at the right place and at the right time.
  • Being independent, objective and aligned to the needs of your business now and in the future.
  • Having an internal audit function focusing that has a tried and tested auditing methodology supported by cutting edge technology, innovative tools and techniques.
  • Commitment to a culture that rewards quality and innovation, and ensuring that the audit plan evolves with the company’s changing risk profile.
  • Service to stakeholders by fostering a culture that anticipates needs, drives timelines and brings valuable insight to inform business decisions.
  • Optimizing cost by delivering efficient and value added services through a robust, well-communicated audit methodology and processes.
  • Calibrating the internal audit strategic plan by aligning expectations and managing stakeholder relationships through effective communication channels.
When to act

When to act

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:

  • You have a complex and/or global structure which requires internal audit to visit different locations, understand different cultures/languages and get to grips with intricacy and complexity quickly.
  • Your business is highly regulated and requires up-to-date industry or subject knowledge in a rapidly changing environment.
  • Your business experiences unexpected control failures that make you question the effectiveness of your current approach.
  • You are undergoing a period of significant business change (e.g. major systems implementations, growth/acquisitions) and you want some assistance to ensure you can provide assurance that risks are being appropriately managed during this period of change.
  • You are under pressure to improve the efficiency and effectiveness of your audit delivery.

External drivers of change are influencing how internal audit should evolve to maintain its relevance

How we can help

How we can help

Businesses are not unique; we understand the correct approach for each starts and ends in different places.

What you gain

What you gain


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.

Contact us

John Saead

John Saead

Partner, Internal Audit & GRC Leader, PwC Middle East

Tel: +966 56 007 9699

Follow us