LAKE MARY, Fla., March 11, 2024 /PRNewswire/ — The results of The 2024 North American Pulse of Internal Audit Survey, released today by the Internal Audit Foundation, find a growing profession, with Chief Audit Executives (CAEs) more than twice as likely to have increased staff (26%) than to have decreased staff (9%). Additionally, after sharp cuts due to the COVID pandemic in 2020 and 2021, significantly more internal audit functions are now increasing their budgets (36%) than are decreasing them (13%), according to the new survey of senior internal audit professionals.
“In today’s evolving risk environment, it’s crucial for organizations to allocate more resources to their internal audit functions,” said Anthony Pugliese, CIA, CPA, CGMA, CITP, President and CEO of the Institute of Internal Auditors (The IIA). “Internal audit teams need adequate support to provide objective assurance and help manage risks effectively. As businesses embrace advanced technology for competitive advantage, internal audit leaders play a vital role in ensuring companies understand and address risks through robust internal controls.”
The survey found internal audit teams place high priority on cybersecurity and…
