Keep your friends close, and your strategic alliances closer.

Internal Audit. Expect More.

2017 State of Internal Audit Profession Study

Staying the Course toward True North: Navigating disruption

The last in our trilogy - PwC's 2017 State of Internal Audit Study looks at how Internal Audit can build the resiliency to evolve and increase its organizational value amidst the influences disrupting organizations today.

 

Internal Audit is not only about ticking boxes. It’s a strategic opportunity for every organisation. It’s a function that has the potential to drive innovation and productivity, to share insights and possible solutions, and deliver a return on its investment.

Should you expect more from Internal Audit?
 

Audit your Internal Audit to find out
 


 

 

 

“In an environment of transformation, increasing complexity and an evolving risk landscape, Executives and Boards are looking to Internal Audit for confidence and insights. For many Internal Audit functions, this means evolving to keep pace with the needs of its stakeholders, and business.”


Bruce Webster, Partner & National Leader, Internal Audit and Risk Management Services, PwC Canada


 


What makes disruptive risk different from other types that we’ve always considered?

Disruptions are significant, quickly developing, and potentially unplanned or unanticipated events that create risk and potential opportunity, demanding the attention and resources of the business. Unlike other risks, the speed at which they can appear and with which the business needs to react, doesn’t lend itself to the notion of having a year or two runway with which to identify it, understand it and then get it on your audit plan in order to provide a report in the near term.
 

Learn more about disruption in Internal Audit functions


 


Nearly half of stakeholders want Internal Audit more involved in helping the business with disruptions

18%


of the nearly 1,900 respondents to this year’s survey report that their internal audit function plays a valuable role in helping their companies anticipate and respond to disruptive events. We call these Agile IA Functions.
 

88%

 

of stakeholders with Agile IA Functions report Internal Audit is contributing significant value compared to 41% of stakeholders with less agile Internal Audit functions.

 


Insights

 

Contact us

Bruce Webster

Partner & National Leader, Internal Audit and Risk Management Services, Toronto

Tel: +1 416 815 5250

Email