Did you know?
Evaluating cybersecurity, increasing audit agility & attracting skilled professionals are all important objectives for internal audit leaders.
- 70% of audit executives have identified cybersecurity as a top concern
- 58% of audit executives admitted the need for more agility in audit approach & processes
- 48% of the audit executives will increase headcount in 2019
- 35% of the audit executives will enhance data analytics capabilities
2019 Report Highlights
- Internal Audit Leaders are facing the need to better “realign” efforts to more effectively address a rapidly changing risk environment and their company’s strategic risks.
- On nearly everyone’s plate, effective auditing of cyber security and data risk must focus on governance and a more detailed, comprehensive assessment of these critical risks.
- Internal Audit agility must include leveraging the expertise and capabilities of the entire organization and outside firms to address critical emerging risks.
- More Internal Audit leaders are developing analytics capabilities and getting involved in RPA/AI/Digitalization’s impacts on their business.
- In a challenging labor market, Internal Audit Leaders must elevate the priority of Talent Management - to attract, retain and build core competencies.
- Internal Audit leaders should seriously challenge their value proposition, processes and approach, “are we auditing what we know and understand, or are we truly auditing the risks to the business”?