PwC’s 2019 State

of the Internal Audit

Profession Study
GAM
Where leaders evolve.
March 11-13, 2019/Dallas—Ft. Worth, TX
About PwC’s 15th Annual State of the Internal
Audit Profession Study
North Europe
More than 2000 America
respondents

Asia

CAEs ,CFOs, CCOs,

Africa
CEOs, CROs and Australia
Audit Committee
Member participants

More than 30
99 countries & personal
territories interviews

PwC | 2
Key themes

Emerging technologies are not only

impacting pace of change and the risk
landscape, but the role Internal Audit plays
in the organization.
IA functions that increase their digital
intelligence are better positioned to help
their stakeholders take smarter risks,
stay aligned to the pace of the business
and provide greater value.
Organizations are considering how the lines
of defense work together to leverage data
and technology in new ways to manage
risk.

PwC | 3
The Six Habits of Smarter Risk Takers

Go all in on the Upskill and inject new talent Find the right fit for emerging
1 organization’s
digital plan
2 to move at the speed of the
organization
3 technologies

Enable the Actively engage decision- Align to provide

4 organization to act
on risks in real time
5 makers of key digital
initiatives
6 a consolidated view of risks

PwC | 4
What is needed for risk
teams to move forward and
digitally enhance their
infrastructure?

Transformation initiatives are

creating opportunities for risk
teams - including internal
audit - to benefit from greater
collaboration across all lines
of defense.
PwC | 5
Recalibrating the IA maturity curve

Historically the maturity curve has been from "Assurance provider to Data enabled", which is the
starting point of the new curve.
Strategic Risk
Assurance

The new IA maturity

Strategic Assurance capabilities (Purpose,

curve pushes the

envelope further to
create a common
delivery and innovation)

Strategic assurance purpose

assurance for the organization
provider
driven by an
Risk integrated common
Collaborator data platform
Digitally
driven
Data
Assurance
enabled
provider

Controls
assurance

Macros and Scripts Integrated risk data platform

Digital capabilities (Technology and Talent)

PwC | 6
Priority habits for Internal Audit
Upskill and inject new
2 talent to move at the
speed of the
3 emerging technologies
organization
Creatively source talent to
build the function's digital
skills and invest to protect the
talent you have
PwC |
Find the right fit for Enable the organization
4 to act on risks in
real time
Audit and advise on emerging
technologies, and use them Build capabilities to deliver
to streamline the function assurance at the speed the
organization requires
7
 Thank you

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