Grant Thornton LLP’s fourth annual survey of more than 400 chief audit executives (CAEs) from U.S. organizations finds CAEs are facing the realities of a greater compliance burden.
With limited internal audit resources, compliance requirements often take top priority. As a result, many CAEs are being forced to make difficult choices — asking for additional resources or deferring certain audits.
Warren Stippich, partner and Grant Thornton National Governance, Risk and Compliance practice leader, explains: “The dilemma many CAEs face is how to continue adding strategic value through the internal audit function given the current compliance-heavy environment.”
In this survey report, we examine numerous ways where CAEs can gain efficiency and maximize internal audit value to make room for ever-increasing regulatory requirements.
Read the report