KUALA LUMPUR (Nov 15): Some 60% of chief audit executives (CAEs) believe their functions do not have a strong impact and influence within their organisation, an improvement of 18% from 2016, according to a survey by Deloitte PLT.
The survey covering more than 1,100 practitioners in 40 countries, shows there is a rising trend to innovate the function’s current practices to keep pace with their organisation’s evolving needs.
“As organisations adopt new strategies and harness risk while pursuing new opportunities, the internal audit function provides vital support, and is poised to do more,” Deloitte said in a statement.
“Particularly in the current environment of ongoing disruption, executive teams and boards benefit from the objectivity, integrity and enterprise-wide, holistic viewpoint that internal audit provides,” said Deloitte Malaysia’s Asia Pacific and Southeast Asia operational risk leader Cheryl Khor.
The survey shows only a small percentage of the group view their function “very positively” and about 20% of internal audit practitioners do not have alternative resourcing models.
More than 40% of CAEs in the survey think current practitioners lack strong key skills in…
