Targeting key threats and changing expectations to deliver greater value*
Study results indicate that rapid, pervasive change is quickly transforming the practice of internal audit, raising significant issues for audit leaders and their chief stakeholders. There is a clear gap between the current focus of many internal audit functions and where internal auditors need to set their sights in order to deliver greater value to their stakeholders.
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2008 State of the internal audit profession study (584kb)
Key trends in this year's report include:
- Audit committees are raising expectations for internal audit
- Pressures are emerging to sharpen risk assessment focus on strategic, operational and business risks
- Lengthy audit cycle times can erode stakeholder support
- Searching for the "right" resources continues unabated
AS5 helps ease the burden of Sarbanes-Oxley compliance demands
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Previous studies
2007 State of the internal audit profession study: Pressures build for continual focus on risk* (144kb)
To enhance organizational risk management, internal audit must embrace ongoing risk monitoring and frequent enterprise-wide risk assessments.
2006 State of the internal audit profession study: Continuous audit gains momentum* (84kb)
Continuous auditing solutions are being pursued by chief audit executives as a means to shorten audit cycle times and provide more timely risk and control assurance to key stakeholders.
2005 State of the internal audit profession study: Internal audit post-Sarbanes-Oxley* (153kb)
As demands on internal audit escalate, chief audit executives must strike a sound balance between their priorities and available resources in order to meet stakeholder objectives.
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