As the physical resources of internal audit are limited and routine business processes are numerous and varied the efficient audit plan must be made. Identifying and prioritizing areas of business that require an audit is one way of accomplishing an internal audit task of value adding, that is, providing a meaningful and useful contribution to the company's business. This is noted by internal audit experts.

In practice, regardless of the size of the company, the expectations of its senior management body are to have a reliable business advisor in sphere of internal audit. This is why internal audit faces ambitious and responsible tasks. Ensuring that a large international holding's internal audit complies with these expectations is much more difficult compared to a small company operating in one market. The major difficulties faced by the internal audit of a large international holding can be classified according to the main tasks assigned to internal audit.

The International Accounting and Auditing Standards Board (IAASB) has published an audit client briefing to make CFOs and other senior management responsible for preparing financial statements aware of matters to consider in preparing for auditor requests related to ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures.

UK’s withdrawal agreement (a treaty between the European Union and the United Kingdom) will enter into force upon the UK's exit from the EU, on 31 January 2020 at midnight CET. From that time on, the UK will no longer be an EU member state and will be considered as a third country.

Switzerland is overhauling its 21-year-old system for reporting suspected money laundering and terrorism financing, Swiss federal police said not too long time ago, after concluding that its old system, which relies on suspicious transactions being reported by fax or mail, has outlived its usefulness.