IIA’s Global Perspectives & Insights Highlights Top Risks Facing CAEs

Focus on talent management, data analytics, cyber, regulations, disruption

LAKE MARY, Fla. USA (7 May 2018) — Today’s business environment is more complex and more connected than ever before. Organizations face new and unknown risks, but also new and untapped opportunities. A new report, Top Risks Faced by Chief Audit Executives, released today at The Institute of Internal Auditors’ (IIA) 2018 International Conference in Dubai, United Arab Emirates, discusses the top five risks to the organization faced by chief audit executives (CAEs), as identified by IIA global affiliates. These risks are: Talent Management, Data Analytics, Cyber, Regulations, and Responding to Disruption.

The report includes valuable advice, objectives and actions for CAEs to consider as new risks emerge and suggests that audit plans should be viewed as frameworks that will change as events occur, including those that are disruptive.

“Risk opens the door for failure to achieve an organization’s mission and strategic objectives, and threatens an organization’s overall value. Therefore, internal audit’s responsibility — as a trusted advisor to assist risk management, control, and governance processes — requires the consideration of all risk opportunities and making the right recommendations,” the report notes.

The report is part of the Global Perspectives and Insights series, which looks at key issues and challenges facing the profession and offers insights and direction on how best to address them.

The IIA partners with IIA Affiliates in more than 170 countries and territories to fulfill its mission to advance the internal audit profession and serve its more than 190,000 members globally. IIA Affiliates serve as The IIA’s exclusive representatives to collectively carry the voice of the internal audit profession, promoting high standards of ethics and professional practice in their internal audit communities.

The report is available to members at www.theiia.org/gpi.

For more information about the IIA’s 2018 International Conference, please visit https://ic.globaliia.org/program