Digital Transformation is molding every aspect of modern life, from our homes and personal experiences to where and how we work. Many organizations are going through digital transformation by implementing new technologies and processes to make the business more efficient and to keep up with the needs of an increasingly digital workplace.
Companies are innovating at a dizzying speed and this rapid evolution has a direct impact on internal audit, which must find better, faster ways to identify and evaluate emerging risks. These changes provide an opportunity for internal audit to transform itself to be people-led and data-driven to effectively reduce risk, improve controls, and identify inefficiencies within the organization.
As organizations rush into an increasingly technology-driven, innovation-oriented, risky, and disruptive future, internal audit also can provide assurance that the strategy is on track and meets business objectives.