Internal Audit Emerging Risks for 2021 and Beyond – Part 2

Field: Auditing | Delivery Method: Self Study | CPE Hours: 2.0

Part One of this series was devoted to evaluating internal audit focus areas and emerging risks for 2021 and beyond. We first examined three areas of focus and some of the most impactful risks that Internal Audit should focus on during the new normal.

  • Heightened Focus on Organizational Resilience
  • Elevated Macro Environment Uncertainty
  • Humanization vs. Dehumanization of the Workforce

After reviewing these areas, we will then link them to identified “Hot Spot” topics as identified by the Gartner group that internal audit should be attuned to in 2021 and years forward. In segment one we examined IT governance and data governance.
With the evolving landscape, risks and economy that have been spurred on by the pandemic of 2021, internal auditors must look to stretch their skills to areas that are most valued by their organizations. Today's insight may well be tomorrow's hindsight.
Stakeholders seek to navigate the future more than revisit the past or dwell in the present. We need to concentrate on the risks of tomorrow if we are to not only protect but enhance value for our organizations. We must start looking beyond the horizon to identify emerging risks.

Part Two lesson objectives include:
  • Examine Cyber Vulnerabilities and identify internal audit focus areas
  • Evaluate Business Continuity Disaster Recovery and determine internal audit focus areas
  • Understand talent resilience and apply the concept to internal audit and the organization
  • Evaluate Corporate Social Responsibility and understand areas internal audit can provide value.

Field: Auditing
CPE: 2
Delivery Method: Self-Study
Format: Video




Your Instructor


Lynn Fountain
Lynn Fountain

Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive

Business Consultant, Trainer, Author


Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.


As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.


Ms. Fountain has authored three technical publications:

-Leading the Internal Audit Function 

-Raise the Red Flag

-Ethics and the Internal Auditor's political dilemma


Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.  


Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has active, current CPA, CGMA, and CRMA credentials.


https://www.lynnfountain.net/


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