It's a cliché but companies are under tremendous pressure at the end of the second decade of the 21st century. Digital disruption and shifting business ecosystems and, in some industries, increased regulatory and customer scrutiny, are having a profound impact on business models. But these pressures (and the changes implemented to address them) are also impacting companies' risk profiles and risk functions, who are struggling to be agile and adapt. Now more than ever, the goal posts in risk management are mobile. In the midst of tech-enabling client internal audit functions, PwC decided to confront this dilemma head-on. ALM Intelligence's senior analyst Tomek Jankowski spoke with PwC's Dhiraj Malhotra, and Lauren Massey (Internal Audit, Compliance & Risk Management Solutions Principals, PwC US) and Mike Maali (Internal Audit, Compliance & Risk Management Solutions Leader, PwC US) about that process, and how PwC is helping clients transform internal audit.
ALM Intelligence: What are the key changes in how you view assurance and risk management, and the internal audit role in particular?
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