Change is inevitable. And the speed of change is accelerating. The COVID-19 pandemic has disrupted normal business processes in almost every industry, requiring businesses to be flexible in ways most never imagined. Internal Audit is no different. We need skills and techniques to react quickly to changing and emerging risks to support our organizations during these challenging times.
Borrowing from agile methodologies, Internal Audit is embracing the “sprint” approach, focusing on outcomes and results that drive value for stakeholders. This approach expedites timelines and eliminates activities that do not directly add value by greatly increasing project efficiency and team collaboration, improving deliverables and client satisfaction.