Companies’ Internal Auditors Test Earlier for Covid-Related, Other Risks

Internal auditors are testing their companies’ controls over key processes and procedures earlier than normal and reevaluating risks as they deal with a wider range of issues that could imperil the business during the coronavirus pandemic.

Internal auditors assess companies’ risk management, governance policies and control mechanisms, whereas external auditors evaluate the accuracy of financial reporting.

Internal auditors do their work by examining documents and interviewing executives and other employees, while also monitoring how people execute certain strategies. They review