Survey: Internal Auditors Need To Improve Skills

Tuesday, July 1, 2008 - 01:00

Protiviti Inc., a leading global provider of internal audit and risk and advisory services, has released the results of its second annual survey of internal audit professionals and their competencies in key knowledge areas.

The study, 2008 Internal Audit Capabilities and Needs Survey, found that in general technical knowledge three items ranked highest in the need for improvement: ISO 2700; enterprise risk management (ERM0, and fraud risk management (FRM).

With regard to knowledge of technology and the audit process, the three areas needing the most improvement are: computer-assisted auditing techniques (CAATs); continuous auditing, and data analysis tools (data manipulation and statistical analysis).

In the personal skills and capabilities category, respondents rated developing and managing relationships with committees of the board of directors to be the area most in need of improvement.

A total of 516 internal audit professionals participated in the survey, which was conducted from July through October, 2007. To learn more about the survey, or to obtain a copy, please visit www.protiviti.com or call (888) 556-7420.