As we head into the middle of the 2020s, risk and assurance teams face an inflection point. The incredible level of disruption has left teams scrambling to manage risks.

 

Risk management and internal audit professionals have an opportunity to drive real change and value for their organizations — but many are not quite there yet. AuditBoard surveyed over 375 risk and audit leaders and found several key gaps in areas such as implementing and understanding AI (61% report a lack of understanding or expertise as a barrier to implementation) and developing strategic plans (57% report a range of impediments to strategic planning, from “uncertainties about the future” to “lack of experience”).  

 

Additionally, the survey revealed potential misalignment between top-rated risks for 2025 and planned effort towards those risks — as well as low risk rankings that deserve a second look.  

 

2025 Focus on the Future: Inflection Point for Transformation at Mid-Decade examines these trends and outlines a path forward for risk managers and internal auditors to be catalysts for transformation at this pivotal moment.