2014 State of the Internal Audit Profession Study

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04/02/2014 by Risk Assurance
2014 State of the Internal Audit Profession Study

At a glance

Our annual State of the Internal Audit Profession, which includes responses from more than 1,900 chief audit executives (CAEs), internal audit managers, members of senior management, and board members, representing 24 industries and 37 countries, provided substantial insight into how internal audit is performing and the steps individual functions are taking to increase their contribution to their respective organizations.

PwC has just completed our analysis of the Tenth Annual State of the Internal Audit Profession Survey. The study offers our perspectives and that of over 1900 internal audit professionals on the continued evolution of the profession and provides insight and analysis to help internal audit professionals address the needs and changing demands of the profession. The findings have expanded significantly upon last year's focus on the alignment of expectations for the function and delved into areas including:

  • Understanding stakeholder perceptions related to the value of Internal Audit
  • Further enhancing alignment of Internal Audit’s expectations or core responsibilities
  • Improving performance of Internal Audit through alignment of expectations
  • Continued rising of the "floor" related to expectations of Internal Audit's performance