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Internal audit still vexed by data, third-party risks

Tammy Whitehouse | March 6, 2019

Internal audit is making strides in steering its focus and resources toward companies’ emerging risks, but there’s still some work to be done, according to the latest report from the Institute of Internal Auditors.

In its latest annual North American Pulse of Internal Audit study, the IIA says more than 500 internal audit leaders report they are seeing more increases in staffing than decreases. One-fourth of respondents said they were able to add to their headcount in 2018 compared with 11 percent who said they experienced a decrease in staffing.

That being said, internal audit leaders say it is fairly common for an emerging or unusual risk to pop up as a surprise,...

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