Ramping up risk management, cyber and sustainability goals are among the top priorities for Middle East internal audit leaders in the coming months, according to a new survey by Protiviti.
Protiviti recently organised a virtual forum for MENA-based executives, finance and internal audit leaders, taking the opportunity to survey the 250+ participants on what they believe are the top strategic priorities for internal audit in the months to come.
Leaders surveyed included Board members, Board Audit Committee Chairmen, Chief Audit Executives, CxOs and other managers from a range of industries and countries including UAE, Saudi Arabia, Bahrain, Kuwait and Oman – but despite the group’s diversity, their views on what’s next for the profession at a time of unprecedented change was notably alike.
Risk
The majority of participants agreed that the evolving risk landscape is injecting more complexity and thus risk into the art of doing business. In line with this, over half of the leaders (54%) said that their internal audit department needs improvement to effectively achieve appropriate risk coverage, mitigate risks and ensure agile responses to new and unforeseen risks.
This…
