Because the demands on internal audit grow faster than its resources, I am convinced one of the best opportunities for improvement is adding to internal audit’s capacity and ability to deliver value without busting the budget. I like to think of strategies in these areas as capacity multipliers that can elevate the level of value we deliver and enable us to exceed our stakeholders’ expectations.
Leading internal audit departments have been leveraging capacity multipliers in three main areas: 1) strategic staffing solutions, 2) transformed processes, and 3) technology applications.
Whether they choose to deploy their innovative mindsets in their own houses (the internal audit department) or on behalf of their clients, internal audit change agents have a hand in choosing what change should look like. That is a powerful and exciting thought, and why a disruptive environment is such a rich one within which to operate. Too often we think of disruption in terms of risks. Internal audit change agents also recognize disruption as a source of opportunity.