Page 27 - Internal Auditor Middle East - December 2017

Future

By: Sami Abuzeina Edited By: Ayman Abdelrahim
Challenges Facing the Future of

Internal Auditing

Over the last few years, technological rates which will be reflected directly on the and industry. It is worth noting that the
developments have begun to accelerate demand for other sectors such as insurance resistance to forms of change has fallen
if compared to previous decades, and and health sectors, which means fewer to low levels, and same has changed
their impact on the distant future may be workforce in these sectors. Non-traditional many concepts and methods of corporate
far greater than currently expected. We laws, policies and procedures may also be management in line with the aspirations
have begun to see unmanned vehicles introduced that may limit the demand for of the future. In this regard, the internal
based on artificial intelligence, aircraft the future internal audit profession. In this audit should play a role that meets the
vehicles, high-speed trains, 3D printing article, let us anticipate events and take a expectations and is in line with the rapid
and self-operated factories without human look at the challenges that may face the developments. However, there are many
intervention, as they wholly rely on robot. internal audit profession in the future. challenges that the internal audit has to
These developments, if continued in this The technological developments have been understand and set development plans to
form and developed further in the future, adopted and welcomed by companies, confront them from this moment until
will result in a large decline in labor force institutions and operators in various the internal audit plays a positive role
and a decline in the proportion of jobs in pivotal sectors that have a fundamental and until the profession progresses in line
general and these developments may lead impact on all aspects and patterns of life with the expected developments. These
to a decrease in accident and mortality such as aviation, transportation, energy challenges are:

DECEMBER 2017 INTERNAL AUDITOR - MIDDLE EAST 25