Scripting Internal Audit for a changed world

PWCs 2011 State of the Internal Audit Profession Study examines how internal audit is responding to this changing risk environment. Our results and interviews with leading internal audit professionals reveal three distinct areas of concern: strategic growth, emerging technologies, and increasing regulation. However, the survey data also shows a lack of confidence in internal audit’s ability to address these topics. PWC interviewed chief audit executives to learn how they are responding to today’s business challenges. They consistently heard that the skills necessary for success are effective communication, an ability to build strong relationships with company leadership and the audit committee chair, and the capacity to engage partners, both inside and outside the company. PWC also concluded that leading internal audit professionals are preparing to play a significant role in it.

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