Internal Audit considerations in response to COVID-19

The third line of defence is uniquely placed to play a key role in the response to the COVID-19 crisis, from a position of good organisational knowledge and with a highly relevant skill-set. As organisations adapt to dealing with the initial impact of COVID-19, Internal Audit functions have an important role to play to continue to provide critical assurance, help advise management and the Board on the shifting risk and controls landscape, and help anticipate emerging risks.

As organisations adapt to dealing with the initial impact of COVID-19, Internal Audit functions have a crucial role to play to continue to provide critical assurance, help advise management and the Board on the shifting risk and controls landscape, and help anticipate emerging risks.

As the pandemic continues, we have set out a number of key considerations, alongside potential responses for Chief Audit Executive and Head of Internal Audit communities. Considerations are grouped as follows:

• The role of Internal Audit
• Challenges for Internal Audit
• Emerging risk areas for Internal Audit to consider.