24 Sep 2017
13:00 - 18:00
Half Day Session – Auditing Through ChangeIt is challenging to deliver reliable assurance that risks are well-controlled in a rapidly changing business environment. 95% of CAEs report that the pace of change has increased over the past three years. Shifting strategies, revenue models, technologies, distribution and logistics channels, markets of operations and compliance processes have made the auditable risk universe a moving target and significantly challenge the effectiveness of the control environment.
Audit departments are responding to this challenge by focusing disproportionately on process and staff agility. However, audit agility is unsustainable in the long run, and by itself, is insufficient in addressing the root causes of risk management failures in times of organizational change. To improve assurance that risks caused by organizational change are being managed, Audit should supplement its agility with activities that ensure that the business can manage risks during times of high change
The agenda will be available soon.