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Top priorities for chief audit executives in 2023
2023-07-14 03:00

The top focus areas for chief audit executives in 2023 are advancing data analytics, assuring proliferating digital risks, and talent management, according to Gartner.

"In 2023 most CAEs are focusing on organizational and departmental digital transformation initiatives and improving team engagement and performance in response to growing assurance needs," said Leslee McKnight, VP in the Gartner Risk & Audit Practice.

According to a Gartner survey of 112 CAEs on their key priorities for 2023 conducted from July to August 2022, the most cited priority for CAEs is making the leap to more advanced analytics applications, followed by keeping up with a rapidly evolving cybersecurity landscape.

The primary challenges for audit departments reflect the increasing need for audit teams to provide assurance over rapidly evolving technologies, expanded digital transformation and increased department efficiencies.

"CAEs will need to balance playing a strategic role in the enterprise with creating and executing a comprehensive audit strategy that improves audit efficiency, advances data use, and aligns team capabilities with their business emerging needs," said McKnight.

A similar confidence gap trend exists for covering IT risks and critical transformation projects, which CAEs also ranked as top priorities for 2023.


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