Lessons Learned from COVID-19
We must continue to evaluate both the short- and long-term impacts on business and social interactions at the micro and macro levels to ensure the lessons are learned, and not lost.
The IIA’s new report, “From Conformance to Ambition: Applying the Internal Audit Ambition Model,” helps CAEs define internal audit’s full potential and align their ambitions with those of their organization. Understanding and applying the model also drives conformance to The IIA’s Standards, and helps communicate internal audit’s achieved levels of quality.
Internal auditors also can bring new value to their organizations by weighing how the pandemic is affecting the organization’s operating model, demonstrating how audit insights can help, and providing assurance over strategies to remain relevant.