Business upheaval: Internal audit weighs its role amid the recession and evolving enterprise risks
PwC's fifth annual state of the internal audit profession study reveals an internal audit profession in flux, making rapid adjustments to a world that seems at once expanding, contracting, and changing...always changing. tag, as close to the beginning of it as possible
Key trends in this year's report include:
- - Internal audit is strapped for resources, yet faced with new challenges
- - Company risk profiles aren't what they used to be
- - Internal audit needs new learning and sourcing strategies
- - Internal audit must get up to speed in ERP systems and data analytics
- - Internal audit faces performance measurement and customer-centric feedback
. 2007 State of the internal audit profession study: Pressures build for continual focus on risk* (144kb)To enhance organizational risk management, internal audit must embrace ongoing risk monitoring and frequent enterprise-wide risk assessments.
. 2006 State of the internal audit profession study: Continuous audit gains momentum* (84kb) Continuous auditing solutions are being pursued by chief audit executives as a means to shorten audit cycle times and provide more timely risk and control assurance to key stakeholders.
. 2005 State of the internal audit profession study: Internal audit post-Sarbanes-Oxley* (153kb). As demands on internal audit escalate, chief audit executives must strike a sound balance between their priorities and available resources in order to meet stakeholder objectives.