White Paper - Agile Internal Auditing

Whitepaper

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Author

Emily Urquhart

BCom, GradCertIA, GradCertFinPlan, PMIIA

Date

2023

Topics Explored

Internal Audit, Internal Audit Management

Format

White Paper

Extract/Description

An agile internal audit approach can provide a more timely internal audit service to the board (or equivalent governing body), audit committee and senior management. This can be achieved by leveraging agile project management techniques such as sprints to split the internal audit engagements into manageable chunks, enabling internal auditors and stakeholders to collaboratively work together to stay timely and quickly deliver internal audit services.

Key Points

1. Accepting agile means ‘not working on items that do not add value’.
2. Delivering audit phases by scope can lead to reduced delivery times.
3. A key benefit from Agile methodology is rationalisation of documentation.
4. The regular scrums and conclusion of sprints provide an ideal opportunity to reflect upon the recent audit activity and identify areas to adjust.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

No