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The innovation imperative: Forging Internal Audit's path to greater impact and influence

2018 Global Chief Audit Executive survey report

A new survey explores Chief Audit Executives' views on the Internal Audit function's role and ways to more fully tap the objectivity, skills, professional integrity, and enterprise-wide perspective it brings to the business.

Deloitte’s global survey report, The innovation imperative: Forging Internal Audit’s path to greater impact and influence, explores the current state of Internal Audit functions worldwide, focusing on those with the greatest impact and influence within their broader organisation.

Companies in every industry are innovating, but in many cases, the Internal Audit function historically hasn’t been keeping pace. Our survey findings indicate progress over the last two years in the extent to which CAEs perceive their functions to have impact and influence. But a deeper look reveals significant need—and opportunity—for Internal Audit groups to embrace innovation to meet the evolving needs of the organisation and deliver more value.

The report discusses:

  • Key survey findings regarding the current state of Internal Audit functions in nearly a dozen critical areas, including analytics, Robotic Process Automation (RPA), Agile Internal Audit, and cyber risk
  • What the functions with high impact and influence are doing in each of these areas
  • Key considerations to become more innovative and, as a result, more impactful and influential within the organisation

High-impact functions are embracing new approaches to Internal Audit work and to how they serve their stakeholders. They are adopting advanced analytics and new technologies. They are broadening their services into areas such as culture assessments, and they are addressing talent issues through alternative resourcing models. In sum, they are doing things differently, innovating along the way.

About the survey

To better understand how Internal Audit functions can enhance their impact and influence within the organisation, Deloitte Touche Tohmatsu Limited conducted a survey of more than 1,100 Chief Audit Executives from companies representing every major industry and geographic region.

impact and influence

Impact and influence of the Head of Internal Audit and broader Internal Audit function

How is IA viewed

How is internal audit viewed within the organisation?

Responding to disruption

Does your organization seek Internal Audit's assistance in anticipating and responding to disruption?

Innovative approaches and practices

What innovative approaches and practices has your Internal Audit function adopted?

key challenges

What are the key challenges your organisation’s Internal Audit function faces in making more of an impact and influence within your organisation?

Investment in the Internal Audit function's innovation

Will your organization’s investment in the Internal Audit function's innovation increase?

Types of services provided

What types of services do you currently provide and do you expect to provide more advisory services in the future?

Infographic-the innovation imperative

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