Disruptive Changes and Emerging Risks within Internal Auditing Profession: A Review from South Africa


  • Job Dubihlela Cape Peninsula University of Technology
  • Leon Gwaka Cape Peninsula University of Technology


South Africa; emerging risks, auditing profession; disruptive technology; competencies; environment


The pervasive advances in information technology, coupled with environmental changes and
the gruelling real-time stakeholder demands consistently challenge the auditing profession. Modernday
complex interconnected business networks, are progressively making the true nature of emerging
risks difficult to assess. Some of these emerging risks are like ticking time-bombs that can erupt rapidly
and dramatically without cautionary. Emerging risks are concealed risk exposures with potential to
trigger unanticipated and disconcerting shocks. As a result, organisations are more frequently turning
to their internal auditing departments to help with the task of identifying emerging risks and guiding
risk management protocols consistent with the dynamic risk landscape. The auditing professionals are
increasingly being judged and evaluated for their ability to adapt and be forward-looking in matters of
risk assessment. For that reason, internal auditors are forced to adopt laterally think and adapt to
emerging risks. Several examples in recent years have shown the immense responsibility that internal
auditing professionals must carry, and the present paper is to be seen as a contribution to understanding
the implications of the changing risk landscape on the internal auditing profession. The qualitative
thematic analysis identifies the overwhelming need for agility within the internal auditing profession,
that emerging risks are engraining business operations, and remain significant determinants of
governance and accountability. The results of the study have several policy implications and ignites
pertinent future research propositions. 


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How to Cite

Dubihlela, J. ., & Gwaka, L. . (2020). Disruptive Changes and Emerging Risks within Internal Auditing Profession: A Review from South Africa: Array. Acta Universitatis Danubius. Œconomica, 16(3). Retrieved from https://dj.univ-danubius.ro/index.php/AUDOE/article/view/383



Financial Economics