At the close of the inspiring “New Horizons, New Opportunities” IIA International Conference in Washington, DC, it’s clear that internal audit functions must navigate an increasingly complex and dynamic environment. The conference emphasized the necessity for internal audit to embrace change and uncertainty, aligning perfectly with Andile Solutions’ mission to run, change, and transform our clients’ Risk, Regulatory, and Assurance (RRA) functions. Here are my key takeaways from the past few days:
- Technological Advancements and Cybersecurity: With the rapid pace of technological change, internal audit must become a trusted advisor in managing these emerging risks. At Andile Solutions, we offer innovative tools and methodologies to integrate AI into internal auditing and cybersecurity, ensuring robust risk management and resilience against cyber threats.
- ESG and Sustainability: Internal audit is crucial in embedding ESG within the organization beyond mere reporting. Our services at Andile Solutions include ESG governance strategies, maturity assessments, and holistic assurance approaches that ensure ESG initiatives add true value to the business.
- Integrated Assurance: Effective integrated assurance is essential to meet stakeholder expectations without burdening the bottom line. Andile Solutions provides best practice conformance and assurance delivery support to design and implement efficient integrated assurance frameworks that align with business objectives.
- Emerging Topics and Resource Management: Internal audit functions may feel overwhelmed by emerging topics. Andile Solutions helps internal audit leaders pivot and adapt by offering strategic partnerships that provide the necessary expertise, technology, and resources to maintain focus and deliver exceptional assurance services.
- New Global Internal Audit Standards: The forthcoming Global Internal Audit Standards will reshape internal audit governance. Our solutions at Andile Solutions include strategic alignment assessments, governance design, and performance management programs to help CAEs navigate these changes effectively.
In summary, to thrive in this new era of opportunities, internal audit functions must seek strategic partners like Andile Solutions. We are committed to long-term relationships and provide innovative solutions that complement and enhance the internal audit function’s deep organizational knowledge and expertise. In addition, we support the Internal Audit Profession on the African Continent and we are fully aligned to the IIA’s Vision 2035 – Creating our future together.