NSKT Global

Internal Audit is not new; it has evolved a lot since the beginning. Earlier the scope of internal audit was to audit the financial records and identify frauds and corruption in an organization. However, today in the digital age, the role of internal audit has changed. It covers a vast scope, such as governance, risk management, compliance, data verification, resource conservation, and an overall analysis of the entire organization.  With rising technological advancement and fueling innovation, changes in internal audit is still a question to many. Is it changing enough to adjust to innovative technology, or should the executive management carefully consider the evolution of internal audit? In a world where changes are happening rapidly in almost everything, each organization thinks of either adapting to the new technologies and growing or taking a risk and declining the changes. The outbreak of the COVID-19 pandemic and the emergence of social unrest have left leaders and direc...