NEWS & UPDATES

Risk assessment: the crucial next step in making your Audit Universe truly useful. It's how we decide not just what can be audited, but what should be audited, and with what priority. It's the process of identifying which parts of your organisational map represent the most significant potential challenges or vulnerabilities, ensuring internal audit focuses its efforts where they can have the biggest impact.

In the world of internal audit, that map is called the Audit Universe. It's a foundational tool that helps us understand the entire landscape of an organisation, making sure our audit efforts are focused, relevant, and cover everything that matters. But what exactly is it, and how can we make it truly effective in today's complex business world? Let's dive in.

Now, we're going to tie it all together by looking at how that well-crafted plan forms the backbone for the entire audit cycle and enables powerful, comprehensive year-end reporting.

Today, we're moving from mapping to navigating. We'll explore how internal audit takes that rich, real-time understanding of risks and transforms it into a practical, focused audit plan for the year ahead (or even a multi-year strategy). This is where insights truly turn into action.