Uncover the Hidden Risk Set to Reshape North American Audits by 2028
The North American audit landscape has undergone a seismic shift in recent years. Digital disruption, particularly AI, has surged to become the third highest-ranked risk. Climate change concerns are creating stark divides between regions and industries. Cybersecurity remains the top concern, while human capital challenges persist, reflecting ongoing shifts in workforce dynamics.
This evolving risk environment presents both challenges and opportunities for internal audit functions. As they strive to provide value in this new landscape, audit teams must navigate the complexities of emerging technologies, adapt to changing regulatory requirements, and balance short-term priorities with long-term strategic risks. Internal auditors are increasingly called upon to expand their expertise, particularly in areas like AI and climate-related risks, while continuing to address traditional audit concerns.
The Internal Audit Foundation’s Risk in Focus 2025: North America report, sponsored by AuditBoard, highlights the regional differences in risk perception and provides strategies for audit teams to address diverse challenges across North America.
In this report, you’ll find a comprehensive analysis of the evolving risk landscape and a roadmap to elevate your audit function, including how to:
- Understand the six key drivers influencing audit priorities across 16 risk categories.
- Benchmark your team’s risk perceptions against 418 of your peers across various industries
- Address the two fastest-growing risk areas: AI and climate change.
- Apply strategies to optimize audit activities and free up capacity for strategic initiatives.
- Navigate regional differences in risk perception, particularly between the U.S. and Canada.
- Leverage AI to enhance audit efficiency while managing associated risks.
- Position your audit function as a key player in organizational resilience and strategy.
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