The foundational tools and talents of technology-enabled Internal Audit
Moving at the speed of innovation
of IA leaders believe technology adoption impacts IA's value to the organisation.
of IA leaders view missing risks as a top risk of not improving technology adoption.
of respondents are categorised as "Evolvers" who are advanced in technology adoption.
of Evolvers are considered to be providing significant value to the organisation.
Technology advancement is fueling innovation in every industry. Organisations are immersing themselves in innovation to develop new products and services and enter new markets. Emerging technologies bring new risks and it's incumbent on risk professionals to help their organisations ensure that processes and controls are effective without slowing innovation down. For internal audit to continue to deliver value and meet stakeholder expectations, it's essential that they both understand the impact of emerging technologies and in turn adapt new technology, skill sets and approaches. PwC's Global 2018 State of the Internal Audit Profession Study sought to understand how internal audit functions are building a technology and talent enabled foundation to support their organisations’ innovation strategies. Key findings include:
As our study shows, Internal Audit functions adopting advanced technologies are winning the race. Jason Agnoletto, National IA leader, shares some insights into the findings
Evolver characteristics which make these top-performing Internal Audit functions stand out which include:
Jason Agnoletto, National IA Leader, provides some tips to Audit and Risk Committee members on how to ensure their IA functions are staying ahead of the game.
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