Internal Audit 4.0

A lot has happened since Deloitte released Internal Audit 3.0, our market leading framework for elevating the role and expanding the remit of Internal Audit. This framework supported the concept that Internal Audit is responsible for balancing three core activities: providing assurance, advising management, and anticipating risks and opportunities. Internal Audit 3.0 has been a useful and durable framework for many internal audit functions as they’ve evolved their role and remit, and inspired innovation in their ways of working.

Looking ahead, the breadth of demands on Internal Audit, and pace and scale of innovation in the profession point to the need for an update, but not an overhaul, of our vision of the Internal Audit function of the future. Our Internal Audit 4.0 publication:

• Recaps the elements of Internal Audit 3.0
• Summarizes lessons learned as functions have adopted the framework; and
• Presents a refreshed vision of the future of the Internal Audit function, Internal Audit 4.0, which incorporates those lessons and demonstrates why Internal Audit functions should be purpose driven and digitally powered

Internal Audit 4.0 informs our differentiated approach to providing outsource and co-source Internal Audit support. For in-house functions looking to set their future vision, elevate their impact and enhance their performance, Internal Audit 4.0 is supported by a comprehensive suite of Internal Audit Advisory services, regardless of where a function is on its journey to internal audit excellence.