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COVID-19: A perspective on internal audit plans and risk

A perspective on internal audit plans and risk

Heather Garrett discusses the importance of adapting internal audit plans during times of increased risk.

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“We can all appreciate that our reliance on technology has never been more critical, and that in itself brings about IT and security cyber risk that we need to be thinking through.”

In our new reality video, Heather Garrett, IA and Risk Director, considers the impact of COVID-19 on the day-to-day operations of a business and - in light of this - how internal auditors can adapt their plans to assess new risks.

How can you adapt your internal audit plans post-COVID-19?

“Think about your internal audit committee chairs and your internal audit committee members, because they’ve got such a wealth of experience that you can draw on, and they’ll also have opinions that they want to share with you.”

Businesses will need new levels of support following the pandemic, and it’s vital that we consider how we can do this efficiently and in ways that can drive more insights. Whether it’s through reviewing transactions or recovering from control weaknesses, it’s important to look at the way you’re delivering your internal audits. Think about the use of automation and data insights, instead of reverting back to the usual way of internal auditing.

Find out more on providing assurance, maintaining control of internal risks and protecting enterprise and operational resilience in the face of COVID-19.

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