As Indian enterprises are confronted by an more and more advanced threat administration panorama, new governance dangers associated to cybersecurity, synthetic intelligence (AI) and different rising applied sciences have been deemed as most important by a majority of inside audit professionals, in keeping with the newest Institute of Inner Auditors–Protiviti India Survey 2025.
Round 66% of chief audit executives throughout giant and mid-sized enterprises surveyed contemplate rising applied sciences together with AI, machine studying (ML), and bots, and cybersecurity as the highest dangers confronting their organisations.
Digitisation Nonetheless Quick
Regardless of the rising recognition of digital instruments as each dangers and enablers, digitisation of the interior audit operate remains to be not widespread. A majority of CAEs (60%) admitted that their division at the moment is partially digitised, whereas 23% acknowledged they’re but to start out on this journey.
Lack Of Expertise And Topic Matter Consultants
The survey additional revealed {that a} majority of Indian enterprises lack enough abilities to take care of these rising dangers, with solely 16% of CAEs affirming they consider they’re “extremely ready” to proactively determine and handle rising dangers as a part of inside audits.
Additional, CAEs are more and more trying to have interaction area consultants who can determine dangers in areas the place excessive diploma of technical competencies are wanted. As many as 56% of respondents cite the dearth of subject material consultants for auditing technical or rising threat areas as the largest hole of their present and future wants for inside audit.
AI/ML To Form Future Of Audit
The survey confirmed that almost all of Indian enterprises are equally satisfied that AI and ML will form the way forward for inside audit, with 69% of the respondents saying so. Nevertheless, these respondents additionally admit that there’s a lack of obtainable use circumstances that present how AI/ML can be utilized in inside audits.
Whereas information analytics and AI-driven instruments have considerably improved audit high quality, many organisations have but to completely combine superior analytics into their audit processes. Solely 18% of the respondents declare to be utilizing information analytics extensively, whereas a overwhelming majority of 82% are utilizing it reasonably or next-to-none.