A look at the influences disrupting organizations today… and how Internal Audit can build the resiliency to evolve and increase its organizational value amidst disruption.
Despite strong ambition from CAEs to grow their value to the organization, PwC’s 2017 State of the Internal Audit Profession study shows Internal Audit is losing ground in trying to keep pace with stakeholder expectations. In the five years we’ve been tracking this sentiment, 2017 represented the lowest stakeholder perception of Internal Audit value.
Stakeholders, however, remain committed to wanting Internal Audit to play a greater and more value-added role. While few (7%) consider IA to be a trusted advisor today, nearly half (48%) want Internal Audit to be a trusted advisor to the business within the next five years.
“To meet business expectation, Internal Audit needs to be able to execute more agile audits. Speed and flexibility are key—getting the work done and reported quickly; less of audits running on for weeks.’’
The last in our trilogy - PwC's 2017 State of Internal Audit Study - Staying the Course toward True North, looks at how Internal Audit can build the resiliency to evolve and increase its organizational value amidst the influences disrupting org...