2015 State of the internal audit profession study

The overwhelming opinion of 1,300 executives participating in the 11th annual PwC Internal Audit State of the Profession Study was that transformative business strategies designed to confront dynamic market shifts are exposing companies to new and more complex risks. Our study talks through how internal audit functions that are aligned with a business’ new direction and are operating at the forefront of the companies’ most relevant risks, are highly valuable contributors to the organization.

The findings have expanded significantly upon last year's focus on the alignment of expectations for the function and delved into areas including:

  • Understanding how internal audit functions must evolve to meet the needs of ever changing and often transforming businesses
  • Providing insight on how internal audit must advance its capabilities and skills in order to contribute value
  • Looking closely at the growing importance of data analytics and strategies for advancing their use
  • Positioning internal audit to collaborate with other lines of defense to help strengthen overall risk management

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