IIA Guidance: Internal Audit's Evolving Role in ERM and the Future of Assurance

The IIA has released new guidance exploring how internal audit can take a more direct and integrated role in Enterprise Risk Management (ERM). This shift is crucial for audit professionals to demonstrate continued value in an era where AI and automation are transforming traditional audit functions, pushing towards continuous assurance and potentially blurring the lines between audit and risk management. Understanding these evolving expectations and the safeguards required is essential for internal audit leaders looking to strategically position their teams for the future.