Chief executives across diverse industries are intending to upgrade their
internal audit departments, according to a study by PricewaterhouseCoopers.
Brian Brown, leader in internal audit services at the firm said: “CEOs across
all industries are looking to upgrade their enterprise-wide risk management
capability to better prepare for success in what is expected to continue to be a
very challenging business environment. Needs and expectations for internal audit
have never been higher, so the key question is whether internal audit is
The study reveal critcial risks, aligning internal audit’s interests with
those of stakeholders and then reforming the staff to match those interests as
the keys areas of concern.
Brown said: “for an internal audit team to assume the role of strategic
partner, members must employ highly experienced and skilled professionals who
can pinpoint trouble spots, synthesize a lot of data, better utilize technology
and help the organization be more successful in a very challenging business
The study involved a survey of 2,000 executives across 50 countries.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day