2015 State of the Internal Audit Profession Study

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Finding True North in a period of rapid transformation

Our annual survey results suggest that external drivers of change are influencing how internal audit should evolve to maintain its relevance.


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As today’s companies drive new business strategies forward, internal audit should also be evolving at a similar pace in order to maintain the relevance and value it brings. In this year’s study of more than 1300 chief audit executives (CAEs), internal audit managers, members of senior management and board members, we discuss the concept of True North, a set of ideals used to guide an organization from its current state to where it wants to be. Finding True North requires innovation, self-reflection and the ability to ask “what should we do?” not “what can we do?”


Key findings

In this time of transformation, CAEs and stakeholders alike have identified the following four areas as top enablers for internal audit to add more value:


Explore the results

Use our interactive tool to explore the survey results by industry, region, respondent role, and company revenue size.


Download the full report

This year’s report focuses on:

  • How internal audit functions must evolve to meet the needs of ever changing and often transforming businesses.
  • How Internal Audit skills and capabilities must advance in order to contribute value.
  • The growing importance of data analytics and strategies for advancing their use.
  • Collaboration of internal audit with other lines of defense to strengthen overall risk management.


Bruce Webster
Bruce Webster Image

Bruce Webster, CA, CA•IFA, CFE


Toronto, Ontario

  • Internal Audit
  • Risk Management
  • Governance
  • Compliance
  • Manufacturing
  • Retail and Wholesale Trade
  • Distribution
  • Mining
  • Agriculture
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