The role of internal audit in difficult times
After 17 years of strong economic conditions and stock market growth, we are now experiencing an unprecedented environment as the impact of the credit crisis moves from financial services companies into the broader market. In these times its important to step back and look at the role of internal audit as it becomes even more important, keeping in mind that in many internal audit functions team members may not have experienced an economic downturn.

'The role of internal audit in difficult times' is a checklist that can be used by Chief Internal Auditors and their teams to assess their ability to add value to the organisation in difficult times. It covers the following areas:
  • Are you taking the opportunity to add more value?
  • Are you teaming with the right people?
  • Do you need to communicate differently?
  • Does your plan need to change?
  • How aware is your team?
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The role of internal audit in difficult times