Security News > 2021 > September > The long-term impacts of the pandemic on internal audit teams

The survey polled more than 175 CAEs across a range of industries, uncovering five key trends respondents believe will have long-term impacts on internal audit teams - from an increased reliance on technology to innovative new ways of conducting audits.

By all accounts, audit, risk, and compliance professionals have embraced video platforms not only for meetings between members of the internal audit staff, but also for meetings and other face-to-face interaction throughout the audit process and communications with key stakeholders.

Internal audit teams will focus more on emerging risks and their possible impacts.

Internal audit teams are unlikely to return to a traditional workplace model.

"In many ways the COVID-19 pandemic has been the most disruptive event in the history of the internal audit profession. Without question, the events of the past 18 months have triggered fundamental changes in how audit, risk, and compliance professionals undertake their responsibilities - from how we communicate with our teams and other stakeholders to our day-to-day processes," said Richard Chambers, Senior Internal Audit Advisor at AuditBoard.

"It's clear the internal audit profession is evolving to be more flexible, innovative, and productive, leveraging technology to stay resilient in an environment where risk priorities can shift overnight."

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