Internal audit functions in Ireland can add greater value to the business while improving risk management, but their effectiveness is being hampered by technology issues and a shortage of talent, according to a recent survey.
PwC polled over 4,600 internal audit leaders, board members and other business leaders in 81 countries, including Ireland.
Irish respondents are less sure that their internal audit teams are making a difference to the company’s ability to meet business challenges
Internal audit teams in Ireland are also less digitally capable.
The inability to recruit and retain the right talent is a key barrier to preventing half (51%) of internal audit departments in Ireland achieving their goals, compared to under a third (28%) of global respondents.