Innovation in internal Audit

As regulatory and risk environments become more complex, so too does the role of internal audit (IA) in public companies. In this session, audit executives from Citigroup and GE described how they approach keeping up with the full range of risks facing large, global companies. And while the “how” of internal audit continues to evolve, Mr. Darrah emphasized that its mission has not: “Nothing has changed with respect to ‘why.’ The role of internal audit is to provide assurance, agitate within the organization, and try to drive positive change. What has changed is the ‘what’ and the ‘how.’” So too has the “who,” as expanded portfolios require new and different types of skillsets on the IA team.