2011 state of the internal audit profession study

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 globalization and emerging risks
• Addressing technology risks
• Focusing on stakeholder alignment
• Improving client service culture

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Previous studies

2010 state of the internal audit profession study: A future rich in opportunity (2.3Mb)
2010 survey data supports the notion that internal audit departments have made significant change and that they have the right priorities, but that there is still a critical performance gap in achieving the key attributes of high-performing internal audit functions. Opportunity for improvement exists in leveraging governance, integrating risk and compliance activities, and enhancing internal audit's scope.

2009 State of the internal audit profession study: Business upheaval: Internal audit weighs its role amid the recession and evolving enterprise risks (496kb)
PwC's fifth annual state of the internal audit profession study reveals an internal audit profession in flux, making rapid adjustments to a world that seems at once expanding, contracting, and changing...always changing.

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