To uncover what the next 12 months has in store for audit leaders, we conducted interviews with chief auditors, globally. Technology, productivity and succession planning were revealed as the top areas of focus. Report highlights below.
Embracing technology and data in audit leadership: the importance of effectively utilizing data is clear and from those surveyed, the use of data to drive decision-making is more established than other digital methodologies or technologies.
Prioritizing efficiency over budget: we’re seeing a strong inclination towards investing in areas that yield tangible improvements, particularly in technology, automation, and process efficiencies.
Succession challenges: risks and implications: concerns over succession planning within the chief auditor role and its leadership have emerged, revealing a notable lack of confidence. The effectiveness of internal succession strategies is questioned by many, with a significant portion – about a quarter – deeming it ineffective
Audit leadership, building trust and technology integration: given the critical role of technology and data, there’s a pronounced focus on boosting capabilities in these domains, and we expect to see significant investment here in the coming year
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