2006 State of the internal audit profession study

Continuous auditing gains momentum*

PricewaterhouseCoopers conducted its second annual State of the Internal Audit Profession Study in the first quarter of 2006. The 2006 study includes findings from over 400 audit executives surveyed in the USA and builds upon the results of the 2005 study.

Objectives

Objectives of the annual survey include:

Capturing a "snapshot" of the internal audit profession
Sharing insights and observations from PricewaterhouseCoopers about major issues, trends and changes reshaping internal auditing today
Collecting benchmarking data to help organizations compare and contrast their internal audit processes and procedures
Providing a baseline to measure ongoing changes in the profession

Key trends

The 2006 survey identified several key trends that continue to reshape the practice of internal auditing:

Continuous auditing gains momentum
Commitments to quality vary significantly
Sarbanes-Oxley demands lessen, freeing resources for other priorities
Internal audit faces a continuing shortage of qualified talent
Most internal audit groups now include overall ratings or conclusions in audit reports

Full analysis and details of these five trends, supported by survey results, can be found in the recently published thought leadership piece titled: PricewaterhouseCoopers 2006 State of the internal audit profession study: Continuous auditing gains momentum* [85 Kb]

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Contacts

Robin Low: Partner; Sydney; Tel:Tel: +61 2 8266 2977

Of further interest

PricewaterhouseCoopers 2006 State of the internal audit profession study