A lot has happened since Deloitte released Internal Audit 3.0 (IA 3.0), our market-leading framework for elevating the role and expanding the remit of Internal Audit. The IA 3.0 framework supported the concept that internal audit is responsible for balancing three core activities: providing assurance, advising management, and anticipating risks and opportunities.

The world is entering the fourth industrial revolution and new technologies, digitalization, and artificial intelligence are dramatically changing the business landscape.