Insights
Is now the time to make the case for internal audit outsourcing?
INFOGRAPHIC |
Authored by RSM US LLP
Here are the four most common reasons it makes sense for an organization to take the leap:
- Organizational growth: Global expansion and M&A
Expanding into new markets and geographies—and adopting complex business processes and systems as a result—can put new pressures on your internal audit function. - Regulatory changes: Evolving standards and global complexity
Through frequent changes, the regulatory environment is becoming more difficult to manage both domestically and across the globe. - Workforce issues: High demand for talent along with scarcity
Proven, experienced internal auditors are normally highly sought after, but the competition to hire them has become increasingly fierce. - Resource constraints: Budget pressures challenge internal audit
Many companies face challenges with limited resources to dedicate to internal audit, leading to a lack of continuity. These can each be alleviated through outsourcing.
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This article was written by RSM US LLP and originally appeared on 2020-09-21.
2020 RSM US LLP. All rights reserved.
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