2017 State of the Internal Audit Profession Study
of stakeholders report that Internal Audit (IA) contributes significant value. Down from 54% in 2016
of stakeholders want IA to be trusted advisers. But only 9% of respondents consider IA a Trusted Adviser
of IA function plays a valuable role in helping their companies respond to business disruption
of Agile IA Functions are considered to contributing significant value
Our global 2017 State of the Internal Audit profession study shows that internal audit functions are losing ground in trying to keep pace with stakeholder expectations. Stakeholders, however, remain committed to wanting Internal Audit to play a greater, value-added role in the organisation.
As the companies they serve are facing unprecedented disruption and change, in order to remain relevant and to help the business anticipate and respond quickly to disruptive events, Internal Audit needs to aggressively prepare and adapt.
As part of the third and final instalment in PwC’s True North trilogy, we look at the influences disrupting organisations today, and examine how internal audit can maintain or increase its value amidst these disruptions.
84% of Agile IA Functions are mindful of disruption risk and include the possibility as part of the audit plan development (vs. 50% of peers).
66% of Agile IA Functions have significantly changed the internal audit risk assessment process (vs. 51% of peers).
77% of Agile IA Functions have significantly changed the mix of audits (financial, compliance, strategic, operational) in the audit plan (vs. 62% of peers).
PwC are holding a number of Internal Audit Forums to discuss the findings from the study, and what this means for the profession.
UK Internal Audit Services Leader, PwC United Kingdom
Tel: +44 (0)7850 515690
Regions Internal Audit Commercial Sector Leader, PwC United Kingdom
Tel: +44 (0) 121 265 5111