2008 State of the internal audit profession study

Targeting key threats and changing expectations to deliver greater value*


Study results indicate that rapid, pervasive change is quickly transforming the practice of internal audit, raising significant issues for audit leaders and their chief stakeholders. There is a clear gap between the current focus of many internal audit functions and where internal auditors need to set their sights in order to deliver greater value to their stakeholders.

Key trends in this year's report include:

  • Audit committees are raising expectations for internal audit

  • Pressures are emerging to sharpen risk assessment focus on strategic, operational and business risks

  • Lengthy audit cycle times can erode stakeholder support
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Contacts
Robin Low
Partner
Sydney
Tel:+61 2 8266 2977
Of further interest
2008 State of the internal audit profession study