Agile Internal Audit four years on
Better, faster, happier? A retrospective
Overview
More than four years ago, Deloitte recognised the potential of Agile in transforming and upgrading the internal audit (IA) profession. Since that time, we’ve been a leader in applying Agile IA, helping functions embrace Agile as a means of enhancing quality, speed, responsiveness and adaptability.
As positive outcomes continue to accumulate, and the potential for even greater gains becomes apparent, we recently conducted a comprehensive survey to assess the current use of Agile in Internal Audit. We are pleased to be able to share the results, overlaid with our insights and experience as we worked through challenging moments, collected practical knowledge, and earned a few battle scars along the way.
We’ll start you off with one key takeaway: Simply stated, Agile Internal Audit works.
Highlights:
- In conducting our survey, we reached out to organisations across the globe to document Agile ways of working within Internal Audit. We received responses from 181 organisations, making this our largest survey of Agile in Internal Audit ever conducted.
- We’ve outlined our discoveries through the survey results including the benefits of Agile Internal Audit, how COVID-19 impacted the adoption and what the potholes in the road to agility were.
- The vast majority of respondents realised gains across multiple categories through their implementation of Agile IA, often above and beyond their initial drivers for adoption.
- The percentage of functions reporting benefits through Agile Internal Audit (by benefit category) were:
Turbocharge your Agile adoption
In helping organisations overcome the identified barriers, we have compiled a compendium of key lessons learned, including putting leaders out front, stabilising your IA teams, appointing an Agile coach, and challenging yourself to keep improving. These and other actions that can help sustain momentum and accelerate progress are detailed in our report.
Just as it transformed software development, Agile is profoundly altering Internal Audit. At Deloitte, we have witnessed many trends within Internal Audit come and go over the years, but we believe that Agile Internal Audit will have unique staying power.
Download the report and get in touch to discuss Agile Internal Audit in relation to your organisation.
