In a digital world, financial institutions and the broader financial services industry are undergoing a profound change. This is permeating throughout organizations, and internal auditors need to be aware of how digitalization is impacting the business and how embracing new technologies can drive efficiencies in the internal audit function.
In this executive summary, we highlight the financial services industry responses to Protiviti’s 2017 Internal Audit Capabilities and Needs Survey. We look into how internal auditors are leveraging the use of analytics in the auditing process and discuss other key findings, such as Cybersecurity, the Cloud and Model Risk. A deeper dive into these results will be issued in June.