Is Internal Audit Too Focused on Compliance and Not Enough on Business Strategy

Is your audit department too focused on compliance and missing out on business strategy? In Episode 72 of Audit Bites, host Rob Berry examines why internal auditors often find themselves trapped in the world of checklists and regulatory paperwork—while overlooking opportunities to truly impact business growth.Drawing from three decades of experience, Rob Berry shares real-life stories and actionable strategies auditors can use to break free from the “compliance bubble.” Learn the crucial difference between being a compliance cop and a strategic advisor, why business acumen is key, and how your team can add tangible value to the organization.Key topics covered:Why compliance is comfortable but business strategy is riskierMoving from rule enforcer to valued business partnerHow asking “why” leads to better audit outcomesThe importance of business acumen for auditorsHow reframing audit findings can foster real improvementsYou’ll also hear insights on balancing compliance with strategic input, involving internal audit in decision-making, and ways to measure audit success beyond just findings. Plus, Rob Berry introduces Audit Leverage, his new AI-powered tool for internal auditors, and answers listener questions about audit reporting and stakeholder value.Ready to evolve your audit role?Listen now, subscribe, and visit Audit Leverage for next-level AI tools for auditors. For more resources, training, and merch, check out www.thatauditguy.com.