Innovation and internal audit – Session delivered in FrenchInnovation is at the very heart of business strategies, whether it is to stand out from the competition, stimulate growth or simply increase productivity. The internal audit is no exception. Innovation in internal audit is the subject of many lively discussions so that several internal audit departments are more and more considering putting innovation at the forefront.
The fact that the change is faster and more intense than ever has major implications for business and, in turn, for internal audit. It affects the nature of the assurance that stakeholders seek, but it can also significantly improve the speed and quality of the assurance we can provide.
Innovation in internal audit is both crucial to its growth and necessary to meet the evolving needs of stakeholders. If we want to remain relevant to our stakeholders, embracing innovation is the only option.
This session will explore the concept of innovation from a number of angles, and see how it can be applied to internal audit. More specifically, we will attempt to address the following questions:
• What is innovation in internal audit?
• How does the concept of innovation apply to internal audit?
• What is the view of a chairman of an audit committee on innovation?
• How to renew processes, products, marketing and talent management?