Primary strategy to secure talent and skills

Governance

CAEs/Audit Director

	Train/develop	Co-source	Hire	Rotation or guest-resource programs	Other
Internal Audit Strategic Vision	49%	21%	14%	12%	4%
Organisational Structure	39%	27%	17%	13%	4%
Resource & Talent Management	39%	25%	20%	13%	3%
Aligned Assurance	40%	25%	15%	15%	5%

All others

	Train/develop	Co-source	Hire	Rotation or guest-resource programs	Other
Internal Audit Strategic Vision	41%	27%	18%	12%	2%
Organisational Structure	44%	22%	13%	19%	2%
Resource & Talent Management	40%	28%	20%	10%	2%
Aligned Assurance	40%	24%	14%	17%	5%

Methodology

CAEs/Audit Director

	Train/develop	Co-source	Hire	Rotation or guest-resource programs	Other
Dynamic Risk Assessment	46%	22%	17%	12%	3%
Agile Audit Approach	47%	23%	15%	10%	5%
High-Impact Reporting	53%	21%	12%	11%	3%
Continuous Monitoring	43%	24%	16%	12%	5%

All others

	Train/develop	Co-source	Hire	Rotation or guest-resource programs	Other
Dynamic Risk Assessment	42%	22%	14%	18%	4%
Agile Audit Approach	40%	27%	16%	12%	5%
High-Impact Reporting	46%	23%	16%	12%	3%
Continuous Monitoring	41%	32%	12%	12%	3%

Enabling Technology

CAEs/Audit Director

	Train/develop	Co-source	Hire	Rotation or guest-resource programs	Other
Advanced Analytics	42%	24%	18%	12%	4%
Automation	36%	24%	19%	14%	7%
Machine Learning and Artificial Intelligence	24%	32%	21%	13%	10%
Process Mining	33%	29%	18%	13%	7%

All others

	Train/develop	Co-source	Hire	Rotation or guest-resource programs	Other
Advanced Analytics	46%	23%	16%	12%	3%
Automation	32%	28%	23%	13%	4%
Machine Learning and Artificial Intelligence	36%	24%	21%	13%	6%
Process Mining	39%	20%	19%	17%	5%

Executive Summary – The Next-Generation of Internal Audit

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Building Internal Audit’s Relevance

CAEs and internal audit leaders view high-impact reporting and, more broadly, impactful communications as the top driver to establishing and building internal audit's relevance with the board, senior executives and other stakeholders.

People and Talent

A host of talent and skills-related issues represent significant challenges, and opportunities, for CAEs and internal audit leaders and their teams.

Impactful Communications

When identifying the one factor that makes their internal audit functions relevant, the top choice among CAEs and internal audit leaders and professionals is high-impact reporting.

Use of Technology

Investments in advanced analytics, machine learning, AI, process mining, automation, and other uses for data and enabling technology are key drivers of internal audit transformation.

Assessing Next-Generation Internal Audit Maturity Levels

View the maturity ratings for CAEs/Audit Directors and other internal audit professionals in Governance, Methodology and Enabling Technology competencies.

Access to Necessary Talent and Skills

View how CAEs/Audit Directors and other internal audit professionals rate their access to talent and skills within the different Governance, Methodology and Enabling Technology competencies.

Board/Management Support for Acquiring/Developing Talent

View to what extent senior management and the board/committees support acquiring or developing the necessary talent and skills related to Next-Generation capabilities in the internal audit function.