Many internal audit teams find themselves struggling to manage ever-increasing risks with limited resources — leading to burnout and staff turnover. In fact, over half of chief audit executives named talent management as a top five risk for this year in a survey conducted by the European IIA.
While audit leaders may feel that they have no time to focus on attracting, upskilling, and retaining talent, The IIA’s updated Standard 10.2 mandates that CAEs “establish an approach for developing and retaining qualified internal auditors.” Businesses that do so are also significantly more likely to achieve positive human and business outcomes. Teams with a healthy environment where internal auditors have the ability to learn and grow in their careers will not only produce better work, but also attract quality employees.
Tools like AI, analytics, and holistic GRC platforms are an essential part of an effective talent management strategy. These technologies help ease the burden of expanding workloads and enable your auditors to take on more meaningful, high-value initiatives that foster growth and development.
Download Future-Proofing Your Audit Workforce: Leveraging AI to Scale Impact, a guide with resources for building an internal audit team that’s ready for whatever the future brings, including:
- An overview of the key challenges and opportunities of talent management today.
- Four actionable strategies for attracting and engaging the next generation of internal auditors.
- A detailed checklist for resourcing an effective audit function, with considerations for hiring, resource allocation, training and incentives, and technology use.
