Agile Internal Audit
A new era of the audit is emerging, the profession is changing and internal auditors are experiencing a number of shifts in how they complete their work.
(a) TAKING A RISK-BASED APPROACH TO AUDIT
(b) USING DATA TO DRIVE AUDIT
(c) BECOMING TRUSTED ADVISORS
What is an Agile audit, exactly?
The main difference between agile auditing and traditional auditing is flexibility. Instead of rigid, single-phase planning, agile auditing centers around fluid, iterative planning on an ongoing basis. The priority is on speed and efficiency over delivering a perfectly polished project at the end.
There’s a core focus on collaboration and communication between the audit team and stakeholders throughout the entire experience.
Agile audit practices are gaining momentum: 55% of internal audit groups are either using agile internal audit methods or are considering adopting them.
The 4 Principles for Agile Project Delivery –
1. People-driven insight over Predictable process and procedure
2. Client collaboration over Audit mandate
3. Responding to change over Not in scope
4. Flexibility over Process rigidity