The past two years have seen unprecedented levels of innovation and transformation among organizations worldwide. Many organizations are operating in a significantly different manner than they did just a few years ago — focused on resilience, data access and governance, predictive analytics, enabling technologies, and more. Innovation and transformation, in fact, are now mainstays in ensuring businesses stay relevant and competitive over the long term.

This unquestionably is a mindset that chief audit executives and their internal audit teams must adopt as well — and many have. According to the results of the latest Next-Generation Internal Audit Survey from Protiviti, a majority of internal audit departments have completed or are currently undertaking transformation or innovation initiatives. And perhaps more important, returns on investment are viewed to be substantial.

In this episode of Powerful Insights, we talk with Protiviti managing directors Ashley Cuevas and Mark Peters, who discuss some of the highlights from our global study and what they’re seeing in the market regarding these matters.

Ashley is the global head of innovation for Protiviti, and Mark is a leader in Protiviti’s global IT Audit practice.

Contact Ashley at ashley.cuevas@protiviti.com.

Contact Mark at mark.peters@protiviti.co.uk.

For more information and to find our research report, Innovation and Transformation Are Driving the Future of Internal Auditing, visit www.protiviti.com/IAsurvey.

Transcriptions of Powerful Insights are available upon request from kevin.donahue@protiviti.com.