THE HEART OF THE MATTER - STAKEHOLDERS DO WANT INTERNAL AUDIT
AT THE TABLE
First there was the financial crisis. Then came the recession
and regulatory reform, and disparate headlines: an oil spill in the
Gulf of Mexico, a tsunami and radiation leak in Japan, heat waves
and cold snaps, struggling economies, cruise ships running aground,
financial firms going under, tainted food recalled, hackers
stealing personal information from millions, and on top of it all,
continued uncertainty over the strength of the economic
recovery.
Against this backdrop, it's no surprise that of the 1,530
executives from 16 different industries and 64 countries who
participated in PwC's 2012 State of the Internal Audit
Profession Survey, the majority say their businesses face more
risks than ever before. With global trade, supply chains, and
financial markets all intricately linked, risks become apparent
quickly, unexpectedly, and with significant impacts on company
operations,
