PwC Global Internal Audit Study 2023
How can Internal Audit’s superpowers help organisations ‘see through walls’ to avoid hazards, remove complexity, and find new opportunities? Find out in PwC’s Global Internal Audit Study.
The Institute of Internal Auditors (IIA) released the new Global Internal Audit Standards™ on January 9, 2024. These standards will come into effect in January 2025 and are a transformative opportunity for internal audit (IA) functions to better engage their stakeholders, make their capabilities fit for the future and increase the value they create for their business.
Many companies are developing implementation plans to comply with the new standards, which have implications for parts of the organization beyond IA. This means that proper preparation requires collaboration between the board and individual departments. But these standards also create new opportunities for the IA function to reframe, reinvent and reposition themselves for success.
Reach out to learn how we can help you transform your IA function to drive new value.
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As the world enters a risk landscape that’s more complex and connected than ever before, it’s time for Internal Audit (IA) to shine.
IA is at the heart of trust. It gives companies and their stakeholders confidence in their people, processes, systems and data, allowing them to see risk differently, move faster and make better decisions.
Internal Audit uniquely combines a risk mindset, objectivity and organizational reach. At PwC Canada, we believe IA can act as their organization’s lighthouse—helping it navigate risk and see around corners. With the right vision, approach and technology, Internal Audit can protect value and cast light on new opportunities for value creation.
Internal Audit is the last line of defence, but increasingly the first one called to help.
PwC helps companies around the world set up, plan, enhance and deliver leading Internal Audit capabilities. What would you like to do?
Plan, develop and structure IA to fit your organization—and make IA fit for the future:
PwC Canada perspective: A bold Internal Audit vision that’s aligned to other governance functions helps position IA as a pioneer, reduces duplication, increases collaboration and ultimately strengthens the risk shield around your organization.
How can Internal Audit’s superpowers help organisations ‘see through walls’ to avoid hazards, remove complexity, and find new opportunities? Find out in PwC’s Global Internal Audit Study.
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IA’s purpose, objectivity, and reach across an organisation makes it ideally placed to help connect the dots in this new multiverse and help companies navigate risk.
PwC’s Andrew McPherson lays out four actions that will enable leaders to act boldly and gain a competitive edge in the face of a fast-changing risk landscape
Partner, National Risk and Governance Services Leader, PwC Canada
Tel: +1 780 441 6880