Is Your Audit Plan Truly Helping the Organization, or Just Following a Schedule?

Internal Audit plans are crucial for structure and resource allocation, but they risk becoming rigid and irrelevant if not adapted to evolving organizational risks. This article emphasizes the need for dynamic audit planning that prioritizes strategic objectives and continuous risk assessment over static, cyclical auditing. It advocates for building flexibility into the plan to address unforeseen challenges and opportunities, ultimately ensuring Internal Audit remains a valuable and responsive function.