An updated change methodology
Internal audit groups are continually challenged to provide more value to stakeholders while also facing resource constraints. Stakeholders are demanding more efficient assurance, better advice on processes and controls, and greater anticipation of risks.
Current efforts to address these challenges aren’t working—or aren’t working quickly enough. Internal auditors have tried to do more with less, but with the same basic approach to audit planning. They’ve applied data analytics, but usually to traditional fieldwork. They’ve tried to deliver more insightful reports, but without knowing enough about stakeholders’ needs and expectations. The list goes on.
Instead of sporadic initiatives and piecemeal solutions, internal audit departments need an updated change methodology. Such a methodology should take a global approach to driving value, accelerating cycle times, and enhancing deliverables.
The agile principles are one such change methodology. And in Deloitte’s view, the one most readily applicable to internal auditors’ current challenges.
