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Staying the course toward True North: Navigating disruption

2017 State of the Internal Audit Profession Study

Increasing value amid disruption

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

Prepared + Adaptive = Agile

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.

Progress towards being Agile?

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).

Find out more

PwC are holding a number of Internal Audit Forums to discuss the findings from the study, and what this means for the profession.

Register for the 2017 Heads of Internal Audit Forum

Contact us

Jill Emney

Jill Emney

UK Internal Audit Services Leader, PwC United Kingdom

Tel: +44 (0)7850 515690

Geraldine Rutter

Geraldine Rutter

Regions Internal Audit Commercial Sector Leader, PwC United Kingdom

Tel: +44 (0) 121 265 5111

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