What Audit Teams Should Do to Have a Successful 2025.
As we step into 2025, audit teams face an evolving landscape defined by rapid technological advancements, complex regulatory requirements, and…

As we step into 2025, audit teams face an evolving landscape defined by rapid technological advancements, complex regulatory requirements, and a growing emphasis on data-driven decision-making. To thrive in this environment, both established and developing audit teams need to adopt strategic approaches that balance innovation, efficiency, and effectiveness, whilst ensuring adherance to the internal audit standards, yet manatinaing a pragmatic approach and helping the business achieve its overall strategy. Here, we outline actionable steps for these teams to ensure a successful year ahead, with insights into how tools, templates, and services from My Audit Spot can provide valuable support.
For Established Audit Teams
Established audit teams often have robust processes and a seasoned workforce, but complacency can hinder their progress. Here’s how these teams can maintain and enhance their success:
1. Embrace Advanced Audit Technology
While traditional tools may have served well, integrating advanced technologies such as data analytics, AI, and continuous monitoring systems can provide deeper insights and streamline processes. These tools can help enable real-time data analysis, exception reporting, and process automation, reducing manual efforts and enhancing accuracy. Great examples of this include, linking existing finance, HR, IT or audit systems into purpose built PowerBI dashboards. These can quickly provide live results of current processes, helping to provide continious controls monitoring and enhance our current risk based approach to audits.
2. Focus on Strategic Planning
Established teams should revisit their risk assessments and strategic plans to align with organisational goals. Utilising templates from My Audit Spot, such as Risk Assessment Matrices and Audit Planning Templates, can ensure a structured approach and uncover new areas of focus.
3. Foster a Culture of Continuous Learning
To stay ahead, internal auditors need to upskill in areas like cybersecurity, ESG (Environmental, Social, and Governance) auditing, and emerging regulatory frameworks. My Audit Spot provides a monthly email full of free webinars to help auditors not only meet their CPD requirements, but also help upskills and improve. My Audit Spot is still in the process of building custom on-demand learning webinars which we hope to launch soon.
4. Leverage Benchmarking and Metrics
Set KPIs to measure performance and track improvements year over year. Tools from My Audit Spot offer customisable dashboards and reporting templates to monitor audit outcomes, efficiency, and stakeholder satisfaction. You can also refer to our other blog posts where we talk about setting goals and monitoring KPIs.
5. Enhance Collaboration and Communication
Established teams often operate across multiple locations or functions, making seamless communication vital. My Audit Spot provides a range of tools and guidance on how best to improve communication between audit and the business. Simply ideas for improving communicationn can include presentations at company or function wide meetings or “town halls”, posts on intranet or “Teams” pages, monthly update emails, and regular catch up’s with key stakeholders.
For Developing Audit Teams
Developing audit teams are typically in the growth phase, building their processes, expertise, and reputation. Their focus should be on creating strong foundations for future success. Here’s how:
1. Build a Strong Framework
Starting with standardised processes is critical. My Audit Spot offers easy-to-adopt audit templates for processes like internal control testing, audit programs, and reporting, allowing teams to establish consistency and clarity from day one. A membership with My Audit Spot will provide you with access to editable versions of all our templates. Alternatively, new audit teams can purchase the complete set of our audit function management templates, which help establish the fundamentals for any audit function, or our complete set of internal audit templates which provide a great starting point for your planning, fieldwork and reporting phases of an internal audit.
2. Invest in Scalable Tools
Scalability is key for growing teams. Choose tools that can evolve with your team’s needs. For instance, many of the big GRC tool providers come in ‘bundles’, meaning you only need to pay for what you are using. For example, if you currently have an internal audit program, are part way through building risk registers, and are yet to commence a controls program, many of the big GRC tools would allow you to buy just the internal audit module, and add the risk and controls modules when you are ready. Alternatively, the GRC tool space is growing, meaning there are plenty of small providers which may be a great, cost effective choice, for the present.
3. Prioritise Stakeholder Relationships
Developing teams must earn trust by delivering value-driven audits. Leverage templates and services from My Audit Spot to create polished, professional reports that resonate with stakeholders and demonstrate clear business insights. Also engage regularly (and in a meanful way) with your key stakeholders. Winning them over and proving the value of internal audit will be your biggest asset, particularly when winning over more difficult parts of an organisation.
4. Upskill Your Team
Focus on training your team in core audit skills while also exposing them to new areas like fraud detection or data analytics. Don’t forget to register as a free member to gain access to our weekly webinars. Furthermore, we have a range of templates and basic training courses which can assist in developing your team. You can find these template here.
5. Establish a Feedback Loop
Continuous improvement is critical for growing teams. Use post-audit surveys and feedback tools, like those available with My Audit Spot, to identify gaps and improve future audit cycles. Alternatively, engage My Audit Spot to assist with an independent and objective review of current process which may benefit from a refresh.
Why My Audit Spot?
Whether you are part of an established team looking to refine your processes or a developing team building a robust foundation, My Audit Spot offers a suite of tools, templates, and services tailored to your needs. From risk assessment and audit planning to reporting and training, these resources simplify the complexities of auditing and enable teams to focus on delivering value.
The Road Ahead
Success in 2025 will require a blend of innovation, adaptability, and a commitment to excellence. By leveraging modern tools and fostering a proactive mindset, audit teams can meet the challenges of the year with confidence. With My Audit Spot as your partner, your team can not only achieve success but set a benchmark for the industry. Start your journey today and make 2025 your most impactful year yet.
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