Moving at the speed of innovation

2018 State of the Internal Audit Profession Study

Does your internal audit function have the talent and tools to help your organisation address a risk landscape inundated with change from emerging technology?

56 %

of IA leaders believe technology adoption impacts IA's value to the organization.
66 %

of IA leaders view missing risks as a top risk of not improving technology adoption.
14 %

of respondents are categorized as "Evolvers" who are advanced in technology adoption.
75 %

of Evolvers are considered to be providing significant value to the organization.

Does your internal audit function have the talent and tools to help your organization address a risk landscape inundated with change from emerging technology?

New technologies are changing the way we do business and making new things possible, creating new products and services, markets and organizations. For internal audit to continue to deliver value, it needs to understand the impact of these technology innovations on their organizations. Boards and Executives expect internal audit functions to have a point of view on new technologies and to be able to provide advice on how the organization should embrace them while managing the risks and implementing strong controls.

Download the 2018 State of the Internal Audit Profession Study.

Ready to fast track your Internal Audit function to keep pace with change?

Highlights

85% of Evolvers focus on technology enablement as part of their strategic plans.
56% of respondents agree that failing to improve Internal Audit’s technology adoption will diminish their value to their organization.
Evolvers are rated as more valuable to an organization - 75% of them are contributing significant value vs 54% of followers.

“The real pitfall for Internal Audit is if they don’t stay current on new technologies then they won’t have a seat at the table and be perceived to be adding value; they need to stay current (not be experts) to stay relevant.”

Alvin BledsoeAudit Committee Chair, SunCoke Energy

Fusing talent and technology

Organizations that are more advanced in their adoption of technology are also simultaneously considering its impact on their talent model. Availability of talent is driving technology decisions and vice versa. Different skills may be required to bring new technologies into everyday operations.