Blog: Internal Audit’s Technology Challenge Is No Easy Road

In his blog, IIA President and CEO Richard Chambers, CIA, QIAL, CGAP, CCSA, CRMA, shares his personal reflections and insights on the internal audit profession. Here’s an excerpt from his latest post:

​I often refer to the end of the first quarter as “whitepaper season” for the internal audit profession. Typically starting in late February and into March, several key players in the profession publish reports that offer a glimpse into how we’re doing.

Two recently released reports should raise serious concerns about internal audit’s slow progress in adopting and adapting technology to execute its responsibilities: Protiviti’s Internal Audit Capabilities and Needs survey, Embracing the Next Generation of Internal Auditing; and PwC’s State of the Internal Audit Profession report, Elevating Internal Audit’s Role: The Digitally Fit Function.

Protiviti’s report indicates that three out of four internal audit groups are undertaking some form of innovation or transformation, but most are only beginning that journey. What’s more, a significant number of functions have yet to get started. Worse yet, “Less than one in three internal audit functions currently have a roadmap in place to guide their innovation and transformation journeys,” according to the Protiviti report.

Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.