Fostering trust, embracing agility

Internal audit functions are confronting a risk environment marked by heightened uncertainty, unpredictability and volatility. These factors compel organizations to maintain a dynamic posture while planning for 2025, ensuring agility and responsiveness to continuous change.

The ability to anticipate potential issues and the flexibility to modify audit strategies are essential for safeguarding against these disruptions. The persistent uncertainties also amplify the stress on organizations’ risk and control frameworks, necessitating vigilant and strategic responses.

This report explores the key areas and associated risks that internal audit functions should consider during the formulation of forward-looking internal audit plans for 2025. The themes encompass a spectrum of both emerging and established risks that should be applied in the creation of a responsive and agile internal audit plan.