Agile Internal Audit Sparks Significant Interest in an Age of Change and Disruption

A flash poll conducted by Baker Tilly Virchow Krause, LLP (Baker Tilly) indicates 67% of respondents have been researching agile internal audit and are considering implementation.

“In this disruptive age, risks are evolving bigger and faster, requiring increased responsiveness from organizations’ internal audit functions.” John Romano, partner in Baker Tilly’s risk advisory practice, said. “Internal audit departments need to shift their approach to drive more value, prioritize risk and act for the highest best use of time and resources.”

“Agile auditing is essentially the transition to connect the internal audit strategy to the organization’s strategy,” Phil Schmoyer, senior manager in Baker Tilly’s risk advisory practice, said. “The audit should have the ability to pivot and adapt as business needs or challenges change over the course of time.”

Baker Tilly recently hosted an educational webinar, “Agile Internal Audit: Transforming internal audit to add greater value,” exploring agile principles and scrum frameworks with practical application to internal auditing.

The webinar presenters discussed:

The history of agile principles and the scrum framework
Agile principles and applicability to internal auditing
Methods for bridging the gap from the current state audit approach mindset and implementation of agile audit principles
How agile principles may be applied to your organization’s internal audit planning cycle and audit and advisory engagements

Presentation slides and a recording of the webinar are available at https://www.bakertilly.com/insights/agile-internal-audit-transforming-internal-audit-to