Global Internal Audit Study 2023: Vietnam cut

Seeing through walls to find new horizons

workforce report pwc vietnam
  • November 08, 2023
Global Internal Audit Study 2023: Vietnam cut

Our largest study ever

The insights for Internal Audit (IA) in Vietnam are extracted from PwC Global Internal Audit Study 2023.

For more than a decade, PwC has conducted global surveys with IA leaders and their stakeholders. Our 2023 survey was our largest ever. It captured views from 4,680 IA leaders (41%), board members and executives in the business (37%), and second line risk (11%) and compliance (11%) leaders. It covered 81 countries across a wide range of industries.

Download Vietnam key findings

How this study can help you

Our IA studies have helped to capture new ideas, stimulate debate, and unlock new opportunities for IA functions to evolve, add value, and remain relevant. The insights shared in this report can help not just IA leaders, but those who rely on IA’s ‘superpowers’ to give them confidence, and help see risk differently.
 

IA Leaders

  • Update or create your IA strategy
  • Support case for investment and change initiatives
  • Have different conversations with stakeholders on new risks or topics
  • Identify ways to achieve better return on investment (RoI) from technology
  • Train your IA team and plan your talent strategy

Board and Business Executives

  • Generate ideas to maximise the value you get from IA
  • Identify blind spots or strategic areas where you may need assurance
  • Increase collaboration between first, second, and third line to increase efficiency and effectiveness
  • Have different conversations with IA on new risks or topics

Second Line Leaders (Risk, Compliance, etc.)

  • Challenge risk coverage based on new or emerging threats
  • Identify strategies for collaboration with IA
  • Consider data and technology that could be shared or co-developed
  • Brief your team on new IA trends and identify opportunities for cooperation in talent models

Key findings

Responding to megatrends

Megatrends are creating a complex and interconnected risk multiverse

Why this is new
  • Recent megatrends are creating risks in new areas that are unprecedented in scale and complexity
What this means for IA
  • IA is uniquely positioned to give the organisation confidence to navigate these challenges and find a new direction—and new opportunities
Responding to megatrends

IA needs more involvement in strategic areas to remain relevant

Why this is new
  • Driven by increased complexity and higher stakes, business executives are opening the door for IA to help them address more strategic areas
What this means for IA
  • IA can choose to engage differently with its stakeholders to provide new strategic value, or risk becoming irrelevant
Responding to megatrends

IA can be a unifying force

Why this is new
  • First and second line have ‘levelled up’ their capabilities and response to risk
What this means for IA
  • IA can help combine expertise across the organisation to harness momentum and forge something stronger together
Responding to megatrends

IA’s human ‘superpowers’ are more important than ever

Why this is new
  • Technology has become exponentially more sophisticated, providing organisations with access to more data and opportunities than ever before
What this means for IA
  • IA must continue to evolve its human capabilities to ensure it can turn data into decisions, build new relationships, and help others to see risk differently
Responding to megatrends

IA can boost RoI by changing its approach to technology

Why this is new
  • Technology investment in recent years has not yielded the returns many have expected and the next wave of technology is already here
What this means for IA
  • IA needs to recalibrate its approach and work with others to unlock the potential of technology; but the window is closing fast

Explore how to level up actions with IA

Global Internal Audit Study 2023: Vietnam cut

PDF in English (PDF of 5.55mb)
PDF in Vietnamese (PDF of 5.96mb)

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Get in touch

Xavier  Potier

Xavier Potier

Partner, Risk Assurance Services Leader, PwC Vietnam

Tel: +84 28 3823 0796

Pham Hai Au

Pham Hai Au

Director, Risk Assurance Services, PwC Vietnam

Tel: +84 24 3946 2246

Pho Duc Giang, CISSP, CISA

Pho Duc Giang, CISSP, CISA

Partner, Digital Trust and Cybersecurity Services, PwC Vietnam Cybersecurity Services Company

Tel: +84 28 3823 0796

Yu Loong Goh

Yu Loong Goh

Director, IT Risk Assurance Services, PwC Vietnam

Tel: +84 28 38230796

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