In an uncertain and challenging economy, organizations are seeking an approach to internal audit that goes beyond reviewing past activities. Instead, they want internal audits that are insightful, forward looking and go beyond preserving value to creating value on a departmental, divisional or organization-wide level. This paper describes the evolving need for internal audit in a changing environment and how internal audit drives value creation. It also highlights the application of critical thinking to internal audit and the strategy that can be applied to take the audit to the next level.
© 2018 KPMG Huazhen LLP — a People's Republic of China partnership, KPMG Advisory (China) Limited — a wholly foreign owned enterprise in China, and KPMG — a Hong Kong partnership, are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.