Amid the current environment, one of the areas that is likely to see a continued transformational change is the process by which the compliance and internal audit functions partner with executive leadership to identify and monitor the organization’s overall risk. With greater technological capabilities and reporting resources than ever before, the method by which organizations achieve analytic insight over the next 12 months is sure to be a silver lining from the current chaos.

The next generation of audit, described in this article, is heavily focused on identifying and responding to organizations’ risk management needs in a dynamic fashion.