Question: Identify a significant current issue faced by internal auditing (one issue only) Some general ideas for your consideration are as follows: -Challenges to the business

Identify a significant current issue faced by internal auditing (one issue only) Some general ideas for your consideration are as follows: -Challenges to the business resulting from COVID-19 -Auditing the use of artificial intelligence in the company -Managing third-party risks -Environmental, social, governance (ESG) data collection and reporting. The paper focuses on the impact the issue has and will have on internal auditing. The paper must include what actions or steps internal auditing needs to take to assess the governance, risk management, and internal controls. You should discuss the challenges faced by internal auditing and where internal auditing can add value.

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Significant Current Issue Managing thirdparty risks Impact on Internal Auditing Managing thirdparty risks poses a significant challenge for internal auditing as organizations increasingly rely on exte... View full answer

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