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PwC internal audit study centers on need for innovation

Tammy Whitehouse | March 12, 2018

Technology and innovation should be top of mind for internal auditors in 2018, both in terms of how it produces business risks and how internal auditors help identify and address them.

That’s the gistt of PwC’s latest “State of Internal Audit” study, issued in time for the start of the Institute of Internal Auditor’s annual conference. “Innovation is part of every company’s strategy, and it’s moving faster than we’ve ever seen before,” says Lauren Massey, a partner in risk assurance at PwC. “Can internal auditors keep pace with that?”

The best approach, says Massey, is for internal auditors to focus on both sides of the innovation challenge — both how it affects companies and how internal auditors can leverage it to their advantage. The firm’s annual study gathered...

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