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Assessing Next-Generation Internal Audit Maturity Levels

Governance

   CAE/Audit Director  All others
Internal Audit Strategic Vision 7.7 7.4
Organisational Structure 7.7 7.6
Resource & Talent Management 7.4 7.4
Aligned Assurance 7.4 7.5

 

Methodology

   CAE/Audit Director  All others
Dynamic Risk Assessment 7.2 7.4
Agile Audit Approach 7.2 7.3
High-Impact Reporting 7.5 7.5
Continuous Monitoring 7.1 7.2

 

Enabling Technology

   CAE/Audit Director  All others
Advanced Analytics 6.9 6.8
Automation 6.6 7.0
Machine Learning (ML) and Artificial Intelligence 6.5 7.0
Process Mining 6.8 7.0

 

Executive Summary - The Next-Generation of Internal Audit

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Explore the results of our research

Pro Document Consent

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.

 
Pro Document Folder

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.

 
Pro Location Globe

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.

 
Pro System Security

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.

 

Detailed Findings

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.

 

Primary Strategy to Secure Talent and Skills

View the strategies being employed to line up the talent and skills needed within the different Governance, Methodology and Enabling Technology competencies.

 

Survey Methodology and Demographics

Protiviti conducted its global 2023 Next-Generation Internal Audit Survey online from November through December 2022. More than 550 internal audit leaders and professionals (n = 573) completed the survey questionnaire, two-thirds of whom reported as a CAE or Audit Director.

 
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