Chief audit executives say long-term impacts of COVID include the use of technology in audits, a continuous approach to risk assessment, and the hybrid workplace.
Los Angeles, CA (September 12, 2021) – AuditBoard, the innovative cloud-based platform transforming how enterprises manage risk, today announced the results of a survey of corporate chief audit executives (CAEs) that reveals the long-term impacts of COVID on their operations and the profession at large.
“It’s clear the internal audit profession is evolving to be more flexible, innovative, and productive, leveraging technology to stay resilient in an environment where risk priorities can shift overnight.”
The survey polled more than 175 CAEs across a range of industries, uncovering five key trends respondents believe will have long-term impacts on internal audit teams — from an increased reliance on technology to innovative new ways of conducting audits. Key findings include:
1. The use of technology will be more critical to conducting internal audits in the future.
For a profession that has traditionally relied on face-to-face meetings and access to physical evidence, mandatory lockdowns necessitated the greater use of technology to continue working. In particular, cloud-based platforms that were designed to not only facilitate remote…
