Global consulting firm Protiviti has recently released results of its annual Internal Audit Capabilities and Needs Survey. Over 1,500 Chief Audit Executives (CAEs) were surveyed globally, the majority representing organizations with more than $1 billion in revenue.
According to this year’s survey, utilizing data analytics in the audit process is far more common in Europe (76 percent) and APAC (also 76 percent) than in North America (just 63 percent). Additionally, one-in-three organizations globally still have no plans to implement audit analytics within the next two years.
According to the survey, the top audit plan priorities of CAEs for 2018 are:
- Fraud risk management
- Cyber security risk
- Vendor/third-party risk management
- Enterprise risk management
- Revenue recognition
- Agile risk and compliance
- Auditing corporate culture
- Cloud computing
Download the full report below.