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Internal audit modernization

An agile, digitally led end-to-end internal audit life cycle

An internal audit function should do more than just uncover what's happened in the past. It should offer an agile and dynamic view of risk, leveraging data and technology to deliver assurance and risk insights that improve processes and risk management in the present — and help prevent problems in the future.

PwC’s Internal Audit Modernization solution enables transformation of the internal audit function using our extensive experience, digitally upskilled talent, industry knowledge and access to subject matter specialists, products, digital assets and accelerators to modernize activities across the internal audit lifecycle. We deliver modernized internal audit sourcing and/or internal audit transformation projects through an agile, digitally enabled approach and framework.

Whatever your internal audit needs, we can meet you where you are on your journey, helping make sure you're harnessing the information needed to deliver greater business results now — and into the future.

Ready to learn more?

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As more and more organizations undergo digital transformation, internal audit should be part of the process. Take the next steps in your internal audit modernization.

What does internal audit modernization look like?

Proactive risk focus

Embed a continuous Risk Sensing process that uses external and internal sources of data for identification of risk areas.

Flexible operating model

More dynamic teams with leverage models across the 3 lines.

Audit spectrum, not audit plan

Diversify the scope and nature of internal audit activities. Issues based reviews, internal audit insight workshops and more…

Higher precision audit activities

Analyze 100% of populations using analytics, neural networks and AI to scope highly focused internal audits.

Behavioral science

Leverage data to identify behavioral trends and root cause –uncover the blind spots!

How we can help:

Establish a foundation for your IA transformation journey by:

  • Helping you design a transformation roadmap that aligns with your strategic goals and culture
  • Enhancing and developing new operating models for internal audit
Accelerate transformation

Accelerate your transformation by:

Accelerate transformation

Sustain your progress by:

  • Providing access to audit relevant tools and platforms
  • Sourcing support, on-shore, off-shore and subject matter resources

Sound familiar?

  • Qualitative risk assessment discussions seem too high level
  • Control testing activities are duplicated across the three lines
  • Sample approach for audit work seems antiquated
  • Stakeholders’ expectations are increasing, but budget pressures remain
  • Attracting and retaining NextGen talent is challenging
  • We need to audit differently

 

Are you ready to:

  • Identify blind spots, previously impossible and uncover human behavioral patterns through advanced technology
  • Provide greater coverage of risk across the organization leveraging a data driven approach
  • Influence strengthening of first and second lines through digital collaboration and continuous monitoring
  • Shift to more rewarding and valuable opportunities and involvement for IA talent

 

Get in touch

Contact us to discuss your internal audit modernization journey.

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John Sabatini

John Sabatini

Managing Partner, Cyber, Risk & Regulatory, PwC US

Mike Maali

Mike Maali

Partner, Cyber, Risk and Regulatory, PwC US

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