Keeping Internal Audit Agile

The marketplace has proven that Internal Audit functions need to pivot and adjust their priorities and methods to match dynamic business conditions. If Internal Audit is not aligned with the velocity of risk and modernisation of the enterprise, the value of the Internal Audit function will diminish. 

Patrick Farrell and our Internal Audit team examine agile methodologies and the importance of adopting these methods/ practices to your Internal Audit functions.

Agile methods and practices are an effective tool on the path forward for Internal Audit functions. Adoption of Agile is not an all-or-nothing strategy and adoption is the largest obstacle. The thought of introducing Agile may seem overwhelming, so it is pushed aside as innovation for the future and the opportunity to be a step ahead is lost. KPMG believes that each organisation should align the adoption of Agile methods/practices to where they are culturally at, and in the domains they require.

Read our report below for more on Agile Internal Audit and how KPMG can help you incorporate aspects of Agile Internal Audit to improve efficacy, collaboration, assurance, risk management, and organisational value by leveraging our framework, and embracing the tenets of the tried-and-tested KPMG Internal Audit Manifesto.