Internal audit departments are increasingly assessing an ever-expanding range of risks.
Along with internal control, they’re also examining risks from IT, regulatory, fraud, and corruption, among others. Along with these new areas, however, comes a need for additional skill sets. To meet these demands, internal audit departments are adding expertise outside of traditional auditing skill sets and borrowing employees from other departments to leverage their abilities. Internal audit is also doing a better job of coordinating its activities with other departments in the organization.
