© 2023 Gartner, Inc. and/or its affiliates. All rights reserved. This presentation, including all supporting materials, is proprietary to Gartner, Inc. and/or its affiliates and is for the sole internal use of the intended recipients. Because this presentation may contain information that is confidential, proprietary or otherwise legally protected, it may not be further copied, distributed or publicly displayed without the express written permission of Gartner, Inc. or its affiliates.Top 3 Strategic Priorities for Chief Audit ExecutivesLeadership Vision for 2024RESTRICTED DISTRIBUTION2 © 2023 Gartner, Inc. and/or its affiliates. All rights reserved. Leadership Vision for Chief Audit Executives (CAEs) in 2024Ongoing disruption, generative AI and other digital advancements, changing business models and divergent stakeholder expectations are shaping how the best organizations will lead audit success in 2024.In this context, Chief Audit Executives' top priorities for 2024 should be:• How do we digitalize the audit function to improve efficiency, coverage and quality?• How can audit provide more valuable insights around critical transformation projects?• How can we better meet stakeholder expectations?CAEs can use this research to stay ahead ofmajor workforce trends and lead their teams toward a successful future.Key questions addressed:What are the major trends affecting CAEs?What are the challenges facing CAEs in the year ahead?What actions should CAEs and their teams take to succeed?RESTRICTED DISTRIBUTION3 © 2023 Gartner, Inc. and/or its affiliates. All rights reserved. Focus Areas for the Chief Audit Executive in 20243 Challenges Requiring CAE LeadershipDigitalizing the Audit FunctionForty-eight percent of CAEs report that audit is missing opportunities for efficiencies due to insufficient digitalization of its processes.aSupporting Critical Transformation ProjectsOnly 10% of CAEs report their teams provide novel, actionable and material audit insights around critical transformation projects.bMeeting Expanding Stakeholder Expectations Nearly half (49%) of CAEs say audit reports are not as relevant and actionable as their business partners need them to be.cHow do we digitalize the audit function to improve efficiency, coverage and quality?How can audit provide more valuable insights around critical transformation projects?How can we better meet stakeholder expectations?Key Questions for Chief Audit Executives in 2024123Source: a 2024 Gartner Audit Key Priorities and Risk Survey (n = 102); b 2023 Gartner Audit Panel Survey (n = 116); c 2023 Gartner Audit Key Priorities and Risk Survey (n = 112)RESTRICTED DISTRIBUTION4 © 2023 Gartner, Inc. and/or its affiliates. All rights reserved. Trend: Increased Audit Technology InvestmentsCAE Efforts to Digitalize Audit and Expected Benefits49% of CAEs plan to increase spend on internal audit technology in the next fiscal year.a...
