The innovation imperative: forging Internal Audit’s path to greater impact and influence
Global Chief Audit Executive research survey 2018
The 2018 Global Survey of Internal Audit leaders reveals that the impact and influence of the Internal Audit function has strengthened since our 2016 survey—for some, but not all, Internal Audit groups. This, together with other findings, indicates that, while a good number of Internal Audit functions have made progress toward greater impact and influence within their organizations, many others still struggle to do so.
Global Chief Audit Executive survey report 2018
Deloitte’s global survey report, The innovation imperative: Forging Internal Audit’s path to greater impact and influence, explores the current state of Internal Audit functions worldwide, focusing on those with the greatest impact and influence within their broader organization.
Companies in every industry are innovating, but in many cases, the Internal Audit function historically hasn’t been keeping pace. Our survey findings indicate progress over the last two years in the extent to which CAEs perceive their functions to have impact and influence. But a deeper look reveals significant need—and opportunity—for Internal Audit groups to embrace innovation to meet the evolving needs of the organization and deliver more value.
The report discusses:
- Key survey findings regarding the current state of Internal Audit functions in nearly a dozen critical areas, including analytics, Robotic Process Automation (RPA), Agile Internal Audit, and cyber risk
- What the functions with high impact and influence are doing in each of these areas
- Key considerations to become more innovative and, as a result, more impactful and influential within the organization
High-impact functions are embracing new approaches to Internal Audit work and to how they serve their stakeholders. They are adopting advanced analytics and new technologies. They are broadening their services into areas such as culture assessments, and they are addressing talent issues through alternative resourcing models. In sum, they are doing things differently, innovating along the way.
For more information on Internal Audit, please contact Rob de Leeuw or Olaf Helmond via their contact details below.