In his blog, IIA President and CEO Richard Chambers, CIA, QIAL, CGAP, CCSA, CRMA, shares his personal reflections and insights on the internal audit profession. Here's an excerpt from his latest post:
It is hard to believe COVID-19 has dominated our lives for more than a year now. Few could have imagined the depth to which it would influence our lives or change how we operate and interact in business and society in general.
One universal truth that has emerged about the pandemic is that the extent of its impact has varied. In some areas of the world, spread of the virus has been more dramatic, as have been the number of deaths. It is sobering to think that more than 2.6 million people worldwide have succumbed to COVID-19, including more than a half million in the U.S. Some industries have been devastated by lockdowns and curfews, including airlines, hotels, tourist attractions, and restaurants, while others have thrived, such as delivery services, online retailers, and meal kit providers.
The pandemic's varied impacts are reflected as well in findings of the 2021 North American Pulse of Internal Audit, which will be released Tuesday at The IIA's annual General Audit Management conference. The report's title, The Many Sides of Crisis, describes the numerous ways the pandemic has affected internal audit budgets, staffing, risk assessments, and audit plans.