Today’s chief audit executive: Continuing on a path to value creation
Chief audit executives (CAEs) continue to pursue more effective practices and seek out ways to exert greater influence over strategy, according to a Grant Thornton LLP survey of more than 330 audit executives from U.S. organizations. The third annual survey aims to better understand and articulate the current thinking of audit executives on a range of issues affecting the internal audit function.
Perhaps one of the biggest challenges for audit executives is the ongoing quest to rebalance traditional internal audit activities and methods, while becoming more strategic in mindset and progressive in work approach. Although they are headed in the right direction, our findings highlight opportunities and obstacles on the path toward adding ever-greater value:
This year’s survey highlights positive movement in some areas key to value creation but underscores the need for improvements in others.
“The thinking is that chief audit executives need to do more as global business leaders who have a wealth of knowledge about an organization,” says Warren Stippich, partner and Grant Thornton’s National Governance, Risk and Compliance practice leader. “Internal auditors are in a really good position to challenge some of an organization’s strategic drivers and point out strategic risks — maybe even more so than other executives in an organization.”
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Today’s chief audit executive: Continuing on a path to value creation. Grant Thornton LLP’s third annual survey of more than 330 chief audit executives (CAEs) from U.S. organizations finds CAEs are continuing on a path toward adding ever-greater value.
Rising to new challenges: The view from the office of the CAE. Grant Thornton’s second annual survey of approximately 300 chief audit executives (CAEs) from U.S. institutions seeks to better understand and articulate what is on the minds of audit executives at a critical point.
Opportunities for today's Chief Audit Executive: From the 2012 CAE Survey, this infographic illustrates our findings and top 5 areas of opportunity.