The Foundation for Internal Auditing and Deloitte Publish Global Research Study Assessing Internal Auditing Competencies


LAKE MARY, Florida., November 18, 2021 / PRNewswire / – The Institute of Internal Auditors (IIA) Foundation for Internal Auditing (IAF), in collaboration with Deloitte, released the results of a new study that confirmed that internal auditors have strong skills in basic knowledge areas, but also have notable opportunities in innovative and emerging risk areas, as well as a critical need for additional resources. The results indicate that in the future, internal audit functions and organizations may need to rethink resource allocation and talent development to address risk and maximize opportunities to advise companies on a transformation. important.

The first global research report 2021, Assessing Internal Audit Skills: Filling Gaps to Maximize Knowledge, shares the results of the survey, which was designed to complement the IIA’s internal audit competency framework©. The survey generated 1,181 responses in 90 countries and identified areas in which internal auditors are highly developed, as well as opportunities for growth.

Overall, the internal auditors interviewed report having highly developed skills in core knowledge areas relevant to their roles. However, respondents also say that it is essential to focus more on the use of innovative technologies in internal auditing.

“Many internal audit functions continue to modernize how they achieve their goals and what they audit. As the digital transformation accelerates, both within internal audit functions and more broadly across the enterprise, it is important that these professionals keep pace, ”said Mike Schor, Deloitte risk & partner in financial advice, Deloitte & Touche LLP. “This unique moment in time offers internal auditors the opportunity to express the value they could add to their organizations if they were properly enabled by relevant transformative technology and development opportunities. ”

The report also identified growth opportunities in emerging areas such as environment, social and governance (ESG), agile auditing, security and privacy.

Responding internal auditors in all regions reported critical resource gaps in five areas of competence, including: risk management, internal control, due diligence, organizational independence and soft skills. Additionally, the report found regional opportunities to improve skills in areas such as data analytics, IT control frameworks, and fraud.

“Given the critical role the independent internal audit function plays in today’s rapidly changing business world, and the speed at which technology and risks change, internal auditors need to be adequately resourced. to follow and stay ahead of these changes ”mentioned Charlie wright, Chairman of the IIA’s Global Board of Directors.

Chief audit executives (CAEs) are in a unique position to provide their internal auditors with unprecedented growth and development, helping them fill gaps in their organization. In the report, Wright says: “It is essential that the internal audit function assesses the skills of staff and identifies opportunities to fill skills gaps as a continuous process. In this way, the internal audit function is well positioned to add value to today’s advanced technologies. world.”

This report discusses key actions to address these gaps, such as:

  • Internal auditors should familiarize themselves with the updated IIA internal audit competency framework to identify skill gaps in their role and within the function as a whole.
  • Internal auditors must decide which gaps to fill immediately for the needs of stakeholders. In addition, chief audit executives and their internal audit functions should determine how often and by what criteria deviations should be reassessed in the future.
  • Chief audit executives should consider options for reallocating resources – such as training, mentoring programs, or engaging subject matter experts – to access the latest thoughts on how to perform audit activities. basic internal audit.

Download the full report here: Assessing Internal Audit Skills: Filling Gaps to Maximize Knowledge

About the Foundation for Internal Auditing
The Internal Audit Foundation strives to be a critical global resource for advancing the profession of internal audit. The Foundation’s research and training products provide insight into emerging topics for internal audit practitioners and their stakeholders and promote and advance the value of the internal audit profession globally. Through the Academic Fund, the Foundation supports the future of the profession by providing grants to students and educators who participate in The IIA’s Internal Audit Education Partnership Program. For more information, visit

About Deloitte
As used in this document, “Deloitte” refers to Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see for a detailed description of our legal structure. Certain services may not be available to certify clients under the rules and regulations of public accounting.

About the Institute of Internal Auditors
The Institute of Internal Auditors (IIA) is the most recognized advocate, educator and provider of standards, advice and certification in the internal audit profession. Established in 1941, The IIA today serves more than 200,000 members in more than 170 countries and territories. For more information, visit

SOURCE The Institute of Internal Auditors

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Paul N. Strickland