COVID-19 has thrown a wrench into business operations around the world. As discussed in a recent Protiviti webinar, [Focusing on the Risk Assessment Process in a Dynamic Environment], organizations and internal auditors are on a journey to not only think about urgent matters that need attention today but also determine what’s on the horizon and beyond. In other words, what do businesses and auditors need to plan for ‘‘now,’’ as well as ‘‘next’’ and ‘‘eventually’’?

This article highlights the discussion and explains what steps chief audit executives can take to enhance internal audit’s value in response to COVID-19.