Survey: Organizations Uplevel Internal Audit Teams as the Gap Widens Between Rising Risks and Workforce Bandwidth

LOS ANGELES -- AuditBoard, the leading cloud-based platform transforming audit, risk, compliance, and ESG management, today announced the results of its industry benchmark survey, available in its accompanying report, Internal Audit’s Expanding Role: The Foundation for Connected Risk, which found over half of key stakeholders including audit committees, company boards, and chief financial officers are looking to internal audit teams to take on more risk-related work. The study revealed that these expanding expectations are coming at a time when Internal Audit has limited bandwidth for advisory-related services — and increasing risk demand and insufficient risk management capacity are creating a risk coverage gap for the business. Read More