Teams are still in the early stages of next-gen internal audit journeys. Amidst digital acceleration efforts perpetuated by the pandemic, internal audit teams face a more disruptive environment and demands to add value to their organizations. 66% of survey respondents report plans to increase their focus on innovation and transformation initiatives.

COVID-19 has reorganized the risk landscape for chief audit executives (CAEs), as CAEs have listed IT governance as the top risk for 2021, according to Gartner, Inc. Analysts said the pandemic is giving rise to new sets of risks while exacerbating long-standing vulnerabilities.