What is new in 2024 under Domain I?

• A. Foresight — anticipating emerging risks
• B. Compliance
• C. Digital Auditing
• D. Sustainability

Answer: (A)

The main idea being tested is the shift in Domain I for 2024 toward proactive risk anticipation. In the 2024 update, Domain I emphasizes Foresight—the practice of anticipating and identifying emerging risks before they fully materialize. This means using horizon scanning, trend analysis, and scenario planning to spot weak signals and shifts in the business and external environment, then feeding that insight into the audit plan and risk assessment. This proactive stance helps internal auditors stay ahead of changes in technology, regulation, market dynamics, and other factors that could affect objectives, controls, and governance.

Why this is the best fit: Foresight captures a forward-looking mindset that aligns with modern expectations for internal auditors to anticipate risk rather than merely react to issues after they arise. It distinguishes the 2024 Domain I update from other concepts like compliance, digital auditing, or sustainability, which are important topics but are not the specific new emphasis introduced in Domain I.