My good friend, Tom Mcleod, has been called “one of the deepest thinkers in our profession”. It is an appropriate description of this experienced and innovative CAE who is never content with accepting traditional, in-the-box thinking.
He shared two recent LinkedIn posts on the topic of the future of internal auditing and the IIA as our professional association:
Another friend, Todd Davies, picked up on Tom’s writing in Institutionalised.
The three articles are worth reading. They point to a major shift in internal audit practices over the next years.
I have read several people predicting that with AI the need for internal auditing may even disappear!
They believe AI will be the internal auditor!!
That’s pretty dramatic!
I am not (yet) there. The future is too unpredictable.
As I shared with friends, including Tom and Todd:
How likely is it that AI adoption in business processes, product development, manufacturing, operations, and decision-making will be free from error?
I believe we have an immensely valuable role for the foreseeable future – but only if we make the changes necessary.
Continuing to audit as if nothing has or is changing doesn’t make any sense.
Everything may be changing, and:
The greatest risk is where there is change.
The change is happening around us now.
We need to be there,…
