AuditBoard, a cloud-based platform transforming audit, risk, IT compliance and ESG management, recently released its 2024 Focus on the Future report based on an annual survey of risk management and internal audit leaders across North America.
The report reveals a growing gap between risk and assurance teams’ capacity to effectively manage risks and the reality of today’s state of “permacrisis,” an extended period of instability and insecurity marked by one disruptive crisis following another.
In a continuation of a trend identified by the survey, the top 2024 risk cited by internal audit leaders is cyber and data security, with more than 80% of respondents not only rating this risk highly but also giving it the top spot for expected audit efforts in 2024. Read more.