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Auditing Project Management Practices
Summary
All organizations are exposed to project management risks, which can materialize and threaten the
achievement of objectives. Internal auditors make strong, value-added contributions to the
organizational project management processes by engaging as an assessor, a consultant, or a
mentor. Internal auditors provide guidance regarding project management associated risks, ranging
from governance and strategic risks to credit, legal, and even geopolitical risks.
Internal auditors should consider how changes to the entity’s technology environment and business
processes could impact audit plans, evaluations, and reporting on the entity’s system of internal
controls.
Copyright © 2021 by The Institute of Internal Auditors, Inc. All rights reserved.
