In today’s dynamic business environment, organizations frequently undergo significant transformations such as mergers, acquisitions, system implementations and reorganizations. These transformations can have far-reaching impacts on a company’s strategy, operations, controls, compliance and financial results.
Internal auditors play a vital role in assessing the effectiveness and efficiency of post-transformation integrations. These audits are essential to ensure that integration processes are executed correctly, risks are identified and mitigated, and controls are in place to safeguard the organization’s assets and financial reporting.
Internal auditors should be well versed in several key concepts when conducting post-transformation audits.
What is considered a transformation project?
Transformation projects can encompass a wide range of activities that can significantly alter a company’s landscape (such as its strategy, operation, controls, compliance or financial results). Common transformation initiatives include mergers, acquisitions, joint ventures, dispositions, major system implementations, reorganizations and layoffs.
After a transformation project, the results must be integrated…
