2024 Focus on the Future Report: Widening Risk Exposure Gap Demands Internal Audit Transformation
Organizational capacity to manage risk is not keeping pace with today’s chaotic risk environment, creating a growing gap between risk management capacity and the fast-evolving landscape of risk demands.
These uncertain times require clear-eyed assessment and transformative action from internal audit. Authored by Richard Chambers, Senior Internal Audit Advisor at AuditBoard and former CEO and President of The Institute of Internal Auditors, 2024 Focus on the Future: Widening Risk Exposure Gap Demands Internal Audit Transformation looks at current trends with a view on helping the profession better understand and manage today’s unprecedented risk landscape. Download the full report for key takeaways on internal audit leaders’:
- Top-ranked risks for 2024 such as cybersecurity, changing economic conditions, ability to attract and retain talent, regulatory and legislative changes, and more.
- Top areas of expected audit coverage, including focus areas most commonly added or removed from audit plans — and potential misalignment between audit effort and risk importance in critical areas.
- Talent and budget forecasts that signal a general optimism at odds with continuing macroeconomic uncertainty, recessionary fears, and talent shortages.
- Forward-thinking auditor tips and transformation opportunities for enhancing risk identification and continuous monitoring, strategic planning, talent management, stakeholder communications, cross-functional collaboration, use/governance of AI and other enabling technologies, and more.
Download your free copy of the 2024 Focus of the Future Report today!
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