Drawing lessons from the pandemic, internal auditors can help their organizations plan for the risk of future crises and volatility.
The past year has taught internal auditors that business disruption can be global and that it can last a long time. Shocks to the business are not limited to power cuts and IT outages: Organizations are now at the mercy of potentially long-tail political and economic turmoil as recessions around the globe loom large. And ultimately, the pandemic has demonstrated that there is a big difference between having a business continuity plan and having business continuity capability.
