This is the third edition of the Mainland China and Hong Kong Internal Audit Capabilities and Needs Survey. This year, along with reviewing the results of our latest survey, we also chart and comment on some of the more interesting trends that have emerged since 2008, when we first conducted this survey. We also comment on the capabilities and needs of energy companies, which accounted for the majority of survey respondents. Participants, including chief audit executives (CAEs) along with internal audit directors, managers and staff, answered more than 100 questions in three categories: General Technical Knowledge, Audit Process Knowledge, and Personal Skills and Capabilities; assessed their capabilities in internal auditing areas of priority; and provided their views on areas they considered most in need of improvement.