New Audit Executive Center Report Discusses State of the Internal Audit Profession Around the World


06-09-2012 New Audit Executive Center Report Discusses State of the Internal Audit Profession Around the World
To paint a comprehensive picture of the changes impacting internal auditors across the world, The IIA’s Audit Executive Center conducted its Global Pulse of the Profession Survey in May 2012. In a newly published report, the Center discusses key insights from the global study and the difference in four world regions with the highest survey responses — North America, Europe, Latin America, and Asia/Pacific. Total survey participants consisted of 1,149 internal audit professionals from 77 countries, including 653 chief audit executives (CAEs). According to the survey results: Internal audit resources (i.e., staff and budget levels) have generally stabilized. Planned audit coverage for the rest of 2012 does not fully align with the risks and priorities of key audit stakeholders. CAEs are recruiting candidates with skills that mirror areas of emerging internal audit coverage, thus continuing to evolve away from skills historically associated with the internal audit profession. Most audit committees are signaling increasing support of their CAE and internal audit department. Opportunities remain to maximize the relationship between the audit committee and internal audit function, especially in Latin America. Read the full report from the Audit Executive Center (for members).