Dear Board Audit Committees, what keeps you awake at night?

Three core questions for Board Audit Committees in dialogue with their Internal Audit Head.

First:

Foresight

Auditing the past and present is pretty straightforward. Beyond Hindsight, is your Internal Audit department capable of providing predictive, forward-looking assurance?

Second:

Human Factors

Traditionally, Audit is not focusing on behavioral and cultural risks. Assuming they have to start auditing culture, does your Internal Audit has a plan (and theory-based approaches) to do so?

Third:

Strategic Anchor Point

Too bad if audit reports are buried & forgotten after completion of the audit, one after another. If the board wants to concentrate resources for maximum impact ... can Internal Audit name the three most critical anchor points with enterprise-wide impact, based on aggregated audit insights?

Bonus question, if Internal Audit's answer is 3 times yes:

What substantiates their answer?

Looking forward to the exchange.