Trends
One reason internal audit is regularly left out of strategic considerations is that
stakeholders lack confidence that the department is aligned with the organization’s
objectives. Although stakeholder reviews indicate the performance of internal audit has
been improving, the progress has not been enough to keep pace with the increasingly
complex and risky business landscape. Moreover, a majority of the senior executives
we encounter say that they still don’t believe internal audit adds significant value to their
organizations, and many of the board members believe internal audit adds less than
significant value.