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The future of Internal Audit

Manage disruption while building stakeholder trust

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With pressure to do more with less in an environment of unprecedented business disruption, the Internal Audit function must evolve to become the trusted partner of its leadership team.

You can help your organization pivot with greater speed, agility, and flexibility. With new thinking, skills, and capabilities, Internal Audit can become a more dynamic problem solver to help the organization address changing market conditions, customer expectations, and workforce needs.

How will you transform and build better protection for your organization?

Work more efficiently and create more value in less time. Your stakeholders will see the true value Internal Audit adds and regard it as an integral part of its risk management strategy.

Dive into our thinking:

Ask the Experts September 2024

Ask the Experts September 2024

Exploring third-party risk management in the age of automation and GenAI.
Internal audit as a change leader

Internal audit as a change leader

How is IA helping to lead change across the greater organization? Download our infographic to see how over 2,000 IA and risk professionals are driving change leadership and other pressing items on the IA agenda.
Internal audit: Trusted and disrupted

Internal audit: Trusted and disrupted

The vital role of internal audit in building stakeholder trust
The future of Internal Audit

The future of Internal Audit

Internal audit trusted, and disrupted
Digitized internal audit

Digitized internal audit

KPMG cohosted a webcast on April 19, 2022 with the Institute of Internal Auditors on the topic of digital acceleration in the internal audit function.
The Trusted Imperative: KPMG Internal Audit Services video still

The Trusted Imperative: KPMG Internal Audit Services

Dive into our thinking:

Internal audit: Trusted and disrupted

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The future of Internal Audit

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Digitized internal audit

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Six areas that Internal Audit should do well

As you transform, manage change, and build trust in today’s environment, you will want to put future-ready processes and models in place. KPMG has identified six areas of focus to help you deliver greater value.
stakeholders

Stakeholder engagement and trust

Know your top stakeholders and take time to foster relationships attuned to their needs

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Strategy and value management

Consider a strategic mix of enhanced assurance, risk insights, and business improvements to prioritize and identify emerging risks

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Digital acceleration

Select technology with organizational goals in mind to enable program and project level work

data

Data, analytics and insights

Curate and use both enterprise and external data to provide risk insights and enhanced assurance

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New ways of working

Rethink where services are delivered and what competencies are needed so you can retain the right talent

agility

Operating model agility

Be responsive to disruption, flex with the business strategy throughout the year, and coordinate with other lines of defense

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Insight
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IT Internal Audit Planning for 2025

Key considerations and topics as you prepare your IT internal audit plan

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Insight
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Get on board or get left behind

Visionary Internal Audit practices are charging ahead with advanced generative AI solutions.

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Insight
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Transforming internal audits through the power of AI

AI and data analytics are reshaping internal audits and requiring development of new strategies for effective adoption and integration.

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Insight
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2024 Global Internal Audit Standards

A summary on the major themes and key changes announced.

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Insight
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Adapting Agile to internal audit

Adoption of Agile is not an all or nothing strategy. Explore how agile can be fit for purpose in IA.

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Insight
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Integrated Thinking and Sustainability

IIA and COSO paper connecting the integrated thinking to sustainable internal controls

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Insight
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Internal Audit's role in ESG

Internal audit is in a unique position to provide an efficient approach to ESG.

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Insight
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Insights from the 2023 COSO ICIF report

Takeaways and ways to build an effective ESG reporting architecture

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Insight
Webcast Replay Webcast Upcoming Listen Now

2024 Global Internal Audit Standards

A summary on the major themes and key changes announced.

Read more
Insight
Webcast Replay Webcast Upcoming Listen Now

Transforming internal audits through the power of AI

AI and data analytics are reshaping internal audits and requiring development of new strategies for effective adoption and integration.

Read more

On the CAE Agenda

The role and focus of internal audit (IA) are ever-evolving. The KPMG On the CAE Agenda series provides quick insights into what IA leaders have been hearing, as well as the topics they believe will continue to drive conversation with their stakeholders across the core elements of their CAE agendas as we move into the future.
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Client stories

Internal audit, redefined
Client Story
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Internal audit, redefined

KPMG helped a major U.S. regional power and utility company accelerate audit cycles and enable greater emphasis on reliable, relevant data.

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Bonding together the organizational molecules

KPMG helped a spin-off chemical company's internal audit function become more data-driven to support rapid, impactful decision-making for growth.

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Client Story
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Transforming internal audit to establish trust

KPMG helped a leader in business market intelligence and technology promote more meaningful risk dialogue.

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Client Story
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Securing the fabric of trust

KPMG helped a global, multi-brand apparel company become Sarbanes-Oxley 404(b) compliant and fully integrate security, controls and GRC capabilities into SAP S/4HANA.

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Client stories

See how KPMG clients implemented the KPMG Future of Internal Audit framework and helped build stakeholder trust:

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Meet our team

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Michael A. Smith
Partner, Advisory, and U.S. Internal Audit Solution Leader, KPMG US
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Michael A. Smith
Partner, Advisory, and U.S. Internal Audit Solution Leader, KPMG US
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KPMG. Make the Difference.


Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. KPMG LLP does not provide legal services.

The information contained herein is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.

© 2024 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

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