1. Learning new techniques requires time and this is something not available when performing an internal audit service – internal audit pilot projects can help.
2. This can provide immediate benefits in terms of accuracy, timeliness and freed-up time.
3. It can also provide benefits beyond your internal audit function including:
- Enhanced skills that make you more marketable as a professional.
- Increased knowledge about business practices enabling you to provide better advice to audit clients. - Increased relevance to the organisation because you are adding increased value.
-Improved internal audit reputation as you are seen to be ‘walking the walk’ rather than ‘talking the talk’.
-Increased ability to solve problems.
-Greater IPPF compliance