Survey Finds Misalignment Between Top Risks and Internal Audit Efforts
An AuditBoard report reveals a significant misalignment between the top risks faced by organizations—such as cybersecurity and changing economic conditions—and the limited resources internal auditors have to address these vulnerabilities, with most expecting stagnant or reduced headcount in 2025. Adoption of generative AI in internal audit remains slow, with only 4% reporting substantial progress, and many organizations are not ready to comply with new global audit standards by the January 2025 deadline. The report also highlights opportunities for improvement, such as greater collaboration between governance teams and strategic use of technology, to address audit fatigue and close coverage gaps
An AuditBoard report reveals a significant misalignment between the top risks faced by organizations—such as cybersecurity and changing economic conditions—and the limited resources internal auditors have to address these vulnerabilities, with most expecting stagnant or reduced headcount in 2025. Adoption of generative AI in internal audit remains slow, with only 4% reporting substantial progress, and many organizations are not ready to comply with new global audit standards by the January 2025 deadline. The report also highlights opportunities for improvement, such as greater collaboration between governance teams and strategic use of technology, to address audit fatigue and close coverage gaps
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