Each year PwC conducts the global survey "state of the internal audit profession". Not surprisingly, the study confirms that Chief Audit Executives (CAEs) remain firm in their desire to grow their value to their organizations. What is perhaps surprising, however, is that Internal Audit appears to be losing ground in trying to keep pace with stakeholder expectations. Stakeholders reporting that Internal Audit adds significant value dropped from 54% in 2016 to only 44% in 2017, reaching its lowest level in the five years we’ve been tracking this metric. Adding pressure to the situation is that half of stakeholders who already receive significant value from Internal Audit indicate that they still expect more value than they are currently receiving.
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