Developing an Internal Audit Strategy

Developing an Internal Audit Strategy

The guide focuses on the development of an Internal Audit strategy aligned with the organization’s mission, objectives, risks, and stakeholder expectations. In line with the Global Internal Audit Standards, it outlines a structured approach that includes defining a vision, assessing the internal and external environment, setting strategic objectives and initiatives, communicating the strategy, and continuously monitoring and updating it.

The document emphasizes that an effective Internal Audit strategy is an ongoing and adaptive process, capable of evolving in response to changes in regulations, organizational priorities, emerging risks, digital transformation, technological innovation, and stakeholder expectations, ensuring the function remains relevant and positioned for long-term success.