This archive report was first published on 1 September 2019.
As companies face increasingly complex risks, auditors must evolve their roles to stay relevant, according to Richard Chambers, President of the Global Internal Audit Association (IIA).
Speaking in Nairobi during a symposium with chief internal auditors, Mr. Chambers emphasized the need for auditors to shift from traditional risk assessment methods to more proactive and predictive approaches.
‘In the past, internal auditors spent months reviewing documents to generate reports on an entity’s past performance. Today, they have access to information technology systems that provide valuable data to chart a company’s path to continued success,’ Mr. Chambers said.
He noted that auditors must engage regularly with management to help implement mitigation measures that make companies more adaptable to emerging changes.
Mr. Chambers made these remarks during a one-day symposium with chief internal auditors in Nairobi on September 1, 2019.
