
August 14, 2024
The Rising Role of Advisory Work in Internal Audit
More IA teams are providing benefits to the business and themselves through advisory work. Internal auditors are increasing their roles as advisors as businesses transform and adapt to new technologies like generative AI and navigate emerging risks such as climate change and reporting on ESG initiatives. That’s forcing some internal audit (IA) teams to grapple with how they define and report advisory work, communicate about it effectively with the audit committee (AC) of the board of directors, and combine advisory with…