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IIA Offers Latest Intelligence on Outsourcing Functions

Tammy Whitehouse | January 29, 2016

As talent and staffing challenges persist for the internal audit profession, 43 percent of public companies outside of the financial services reached outside the organization for help, according to the latest data from the Institute of Internal Auditors. Financial institutions, public and private alike, make the greatest use of third-party services at 45 percent globally.

North American companies lead the way in outsourcing some portion of internal audit activity, with 56 percent of companies relying on outsourced service providers. The IIA culled the data from its latest annual “Common Body of Knowledge” survey published in 2015. That poll of more than 14,500 audit executives in 166 countries examined a host...

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