Internal audit can create value by helping management adapt to the changing business environment.
Extraordinary events can disrupt businesses and rapidly cause significant financial losses globally, as the COVID-19 pandemic has so painfully shown. When the crisis unfolded, board members, executive management, and internal audit teams had to innovate and embrace technology to manage essential change for long-term survival. Being able to respond quickly and adapt effectively to the challenges determined which organizations thrived and which struggled.
