The impact of the coronavirus pandemic on internal audit was not nearly as severe as it was for organizations overall, states a new report from the Institute of Internal Auditors (IIA).
In its 2021 North American Pulse of Internal Audit survey, the IIA assessed the pandemic’s effects on internal audit across a broad spectrum of metrics, including budgets, staffing, risk assessments, and audit plans. “The pandemic created an open audition for internal audit to showcase its value, particularly in response to the crisis management and business continuity risks at the onset of the pandemic,” the IIA said in the study, released last month.
