State of the Internal Audit 2011

Lights, camera, action... scripting internal audit for a changed world

After several years of extreme fiscal uncertainty, there's a surprising level of confidence in growth expressed by a large number of chief executive officers (CEOs) who responded to our annual Global CEO Survey. In the 2010 survey, the world's business leaders were focused on risk management, crisis prevention, and internal cost efficiencies. Correspondingly, our 2010 State of the Internal Audit Profession Study revealed that internal auditors are intent on meeting the changing needs and expectations of their stakeholders, including the CEOs. We examined new approaches to risk assessment, integration with other risk and compliance functions, and strategies for enhancing internal efficiency, all to address the overriding challenge of doing more with less.

Key Trends in 2011
  • Understanding globalisation and emerging risks
  • Addressing technology risks
  • Focusing on stakeholder alignment
  • Improving client service culture