From supply chain disruptions to cybercrime; from environmental concerns to labor shortages, the list of challenges confronting most companies has evolved quickly and dramatically over the past few years and even months.
Such speedy developments are expanding the types of risks many internal audit departments must identify and assess. Given that traditional financial control and reporting risks aren’t going away, these shifts prompt the question: Is internal audit being asked to do too much? Or, is this a natural evolution of internal audit’s role?