INFOGRAPHIC auditors rated this risk as very high or higher than average for their organisations in 2025, versus 81 % in 2024 and 83 % in 2023 – a priority that is mirrored by the top rank in planned audit efforts.
Ongoing misalignment between risk levels and planned audit efforts in key areas: Survey respondents ranked changing economic conditions as the # 2 risk, but it ranked # 11 in terms of audit effort, showcasing a mismatched risk-to-effort ratio. Conversely, fraud was a lower-ranked risk at # 10 but ranked high at # 3 in terms of planned audit efforts. This suggests seemingly static views on risk and resource allocation while highlighting potential opportunities to reprioritise and redirect resources to assess and manage business’ most pressing risks.
Immature views on the process, purpose, and importance of internal audit strategic planning and technology planning: 39 % of respondents are not collaborating with other governance, risk, and compliance teams to share technologies. This missed opportunity often results in disconnected data and teams, audit fatigue, duplication of effort, and coverage gaps. p
2025 Focus on the Future: Inflection Point for Transformation at Mid-Decade by AuditBoard
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