Before I start, if you haven’t already done so, please answer a two-question poll on how your internal audit budget is built. Is it based on what you need to complete the audit plan and deliver what the organization needs, or is it given to you by management based on the prior year budget, inflation, etc.? Click here for the poll.
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Now to today’s post.
It may not be a popular post. It may be hard to swallow, especially as we all like to be “the nice guy”. There aren’t so many internal audit leaders who think of themselves as ruthless.
CEOs and CFO, etc. may be ruthless when it is needed. But CAEs and other audit leaders?
I think we can all agree that the rapid and dramatic changes in technology such as ChatGPT are heralding major changes in many if not most business processes, the management of risks, and the design of internal controls.
We need an internal audit function that is capable of providing the forward-looking and proactive assurance, advice, and insight leaders of our organizations need – when and how they need it.
They will need it more than ever amid this time of disruptive change
We need the ability to be there, at the table, as decisions are being made about the adoption and use of these technologies.
Changes are on…
