Functions that are more active in their pursuit and use of data and technology, as well as innovation more broadly, tend to be more successful in attracting and retaining talent, and their resources tend to have more aptitude in and enthusiasm toward enabling tech and other next-gen capabilities. We have observed that Next-Generation Internal Audit components related to technology and talent are often interrelated and self-reinforcing. High-impact reporting, which the survey results reveal is the most valuable driver of internal audit relevance, requires strong enabling technology as well as the right talent. They also are focusing on producing and delivering highly impactful communications, including through the reporting process. The results of Protiviti’s 2023 Next-Generation Internal Audit Survey reveal that when it comes to these objectives, many are pursuing them by focusing on access to required talent – filling the technology skills gap is an acute need – and advancing internal audit’s technology enablement, the maturity of which continues to lag other Next-Generation Internal Audit capabilities (a trend we have seen in prior years of our study). Amid these challenges, chief audit executives (CAEs) are focused on enhancing internal audit’s relevance with the board, senior executives and other stakeholders.įor internal audit functions, elevating their relevance and the value they deliver requires ongoing evolution and a committed focus on continuous improvement through innovation and transformation. Internal audit functions face a continuing talent crunch and ongoing demands to support the organization’s transformation efforts in response to external events and evolving business strategies and priorities.

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