We have entered the age of the Internet of Things (IoT). Year after year, for the past five years, Protiviti has seen data analysis technologies show up in surveys as a critical deficiency. This could show that the internal audit profession is attuned to this critical threat, and it therefore weighs heavily on the minds of respondents. Alternatively, this could show that internal audit lacks the knowledge or the resources needed to deal with a recognized threat.
In the tenth year of its Internal Audit Capabilities and Needs Survey, Protiviti believes that internal audit has arrived at a tipping point. In this perspective, Protiviti includes 10-year trend data to illustrate top priorities and how they have evolved, dating back to when the survey was first conducted in 2007.