MILWAUKEE, Aug. 29, 2024 /PRNewswire/ — Jefferson Wells, a leading professional services firm specializing in finance & accounting, internal audit, risk & compliance and tax and part of the ManpowerGroup (NYSE: MAN) family of brands, announced the results of its eighth annual Internal Audit Priorities Survey. The survey revealed that while cybersecurity remains the top risk, the increasing use of generative AI tools is elevating risk priorities for IA leaders and audit committees. Despite this, only 26% of organizations have fully integrated generative AI standards into their governance frameworks, indicating the need for more comprehensive oversight.
Business transformation and IT-adopted risks will require more in-depth internal audit skill sets in cybersecurity, data analytics, IT audit, and generative AI, which are the most difficult to train and retain. As a result, 37% of organizations plan to increase staffing to meet the growing demand for these technology skills. This marks the first significant increase in internal audit functions planning to expand their teams since 2020.
“Technology and cybersecurity are more important than ever as organizations navigate a rapidly changing risk environment,” said Tim Reetz, national practice leader, risk and compliance at Jefferson Wells. “Our survey highlights the urgent need for internal audit functions to adapt to advances in AI and cybersecurity. To effectively address these challenges, internal audit functions will need to expand their capabilities and leverage external expertise to fill skills gaps.”
To read Jefferson Wells’ 2024 Internal Audit Priorities Survey, visit www.jeffersonwells.com/en/internal-audit-report-2024 .
About Jefferson Wells
Jefferson Wells is a professional services firm providing solutions in the areas of finance & accounting, internal audit, risk & compliance and tax. We offer consulting, thought leadership, integration resources and executive search. Jefferson Wells is part of the ManpowerGroup family of brands.
For more information, visit www.jeffersonwells.com or follow us on LinkedIn.
About ManpowerGroup
ManpowerGroup® (NYSE: MAN) is a leading global talent solutions company, helping companies transform in a rapidly changing world of work by finding, assessing, developing and managing the talent they need to succeed. Every year, we develop innovative solutions for hundreds of thousands of organizations, providing skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. For more than 75 years, our family of specialized brands – Manpower, Experis and Talent Solutions – have created significantly higher value for candidates and clients in more than 70 countries and regions. We are consistently recognized for diversity, as a best place to work for women, inclusion, equality and disabilities, and in 2024, ManpowerGroup was named one of the World's Most Ethical Companies for the 15th time. All of this underpins our position as the brand of choice for in-demand talent.
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Jefferson Wells 2024 Internal Audit Priorities Survey
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