Innovation for Internal Auditors

Innovation for Internal Auditors

The amount, speed, and impact of change have accelerated significantly, and all indicators point to more change in the future. Organizations are expected to innovate and become creative in the pursuit of business objectives, the management of risks, and the implementation of appropriate controls that increase the likelihood of success in the short and longer terms. Internal auditors must understand the dynamics driving these changes, how innovation is being used in modern organizations, and how it affects the efforts to provide reasonable assurance to the board of directors, management, and other stakeholders. Internal audit must understand change and innovation and embrace, adopt, thrive with it, and promote it. This course will teach learners where and how innovation can work in their organization's favor, so value is protected and enhanced while risks are appropriately managed. Internal audit must not only understand change and innovation but must embrace, adopt, and promote it. Part one of this two-part series of courses will explore where and how innovation can work in the planning and execution of audit assignments to enhance and protect value while risks are managed.