Security News > 2021 > March > Leaders need to find ways to increase internal audit capacity without increasing budgets

A study of 299 internal audit organizations showed that the function faced both declining budgets and a significantly expanded workload in 2020, according to Gartner.

"For many heads of audit, it's not clear where the extra capacity is going to come from," said Margaret Moore Porter, managing vice president in the Gartner Audit practice.

"It's clear the pandemic has created and heightened risks that need audit oversight, but there is a real danger of the function being overwhelmed unless leaders can find ways to increase capacity without increasing budgets."

"The obvious implication, if the picture doesn't become more balanced, is that audit leaders will have to make tough coverage trade-off decisions."

Internal audit function budgets enjoyed a period of growth of approximately 5% per year in the period between 2017-2019.

"It doesn't look like there will be a way to buy more capacity for most internal audit functions in 2021," said Ms. Porter.

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