THE FUTURE OF INTERNAL AUDITING IN PROTECTING THE INTERNAL CONTROL SYSTEMS OF COMPANIES
The article discusses the most important skills and developments that we expect to see in the field of internal audit in order to bridge the gap and face risks, especially in light of the Corona virus crisis and the changes that have taken place in recent times. In the future, the function will become more strategic to protect internal control systems and make them more effective in this new reality by integrating new technologies into day-to-day operations. Internal audit functions must evolve in line with new regulatory requirements and technological innovations, especially in light of cyber security threats and an increase in cyber attacks. By providing an independent and objective assessment of an organization's current controls... internal audit is not the sole owner of risk within an organization, but provides an unbiased view of an organization's internal controls. Data analytics has revolutionized the field of internal audit by turning manual processes into automated processes to improve the accuracy of audit results, provide valuable insights to management, and improve the ability to identify and address risks. In future The primary role of the internal audit function is to help decision makers protect regulatory assets and reputation, and maintain operational sustainability, functions that have come under increasing pressure over the past year. Digital technologies will improve the efficiency of internal audit and help to work more efficiently and strategically, thus providing additional value to the company, as the work environment for internal audit, like for many other employees, will change dramatically in the near future.