A flash poll conducted by Baker Tilly Virchow Krause, LLP indicates 67% of respondents have been researching agile internal audit and are considering implementation.
“In this disruptive age, risks are evolving bigger and faster, requiring increased responsiveness from organizations’ internal audit functions.” John Romano, partner in Baker Tilly’s risk advisory practice, said. “Internal audit departments need to shift their approach to drive more value, prioritize risk and act for the highest best use of time and resources.”
“Agile auditing is essentially the transition to connect the internal audit strategy to the organization’s strategy,” Phil Schmoyer, senior manager in Baker Tilly’s risk advisory practice, said. “The audit should have the ability to pivot and adapt as business needs or challenges change over the course of time.”
Baker Tilly also hosted a Webinar on the topic of Agile internal audit. 