Coronavirus: what internal auditors need to know

At times of crisis internal auditors play a vital role advising on reputational risk and crisis management, explains Richard Chambers, president and CEO, Chartered Institute of Internal Auditors

The coronavirus has transformed from a growing medical crisis to also a macroeconomic one in a matter of days. The potential impact of the virus spooked markets around the world as it spread outside of China.

Although no one is sure of the ultimate impact, it would be foolhardy for any nation or organisation to ignore the rapidly spreading virus itself, or the indirect effect on global activities.

Covid-19 presents a clear and compelling danger, not only for the health and wellbeing of the general population, but for organisations around the world. 

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