The following is a link to PWC’s 2014 State of the Internal Audit Profession Study where you will find the study and also specific industry reports. Worthwhile reading for all audit committees of entities that have internal audit functions. You might be aware that the internal audit profession, and the IIA, have been going through an evaluation of where they are and where they want to be – to provide a function that is more valuable and respected. As the audit committee is substantially dependent on other people gathering and reporting reliable information to the committee, I encourage all audit committees to sit down with the internal audit chair to explore better ways for internal audit to help the audit committee members perform their oversight function hopefully with security. Click on the link below for the PWC Study page.
Dave Tate, Esq.