The COVID-19 pandemic has impacted everyone in every aspect of their personal and professional lives. Current and emerging market conditions have presented many uncertainties for companies, auditors, and audit committees.

The role of Internal Audit is to be an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations and performance. The challenge that Internal Audit faces during COVID-19 Recovery is how to effectively identify, assess and anticipate future risk and the effectiveness of internal controls across an organization when so many business processes have or will continue to change.