Survey Methodology and Demographics

Protiviti conducted its global 2023 Next-Generation Internal Audit Survey online from November through December 2022. More than 550 internal audit leaders and professionals (n = 573) completed the survey questionnaire, two-thirds of whom reported as a CAE or Audit Director.

The purpose of this survey is to benchmark how internal audit departments are pursuing and implementing next-generation concepts related to people, process and technologies. In addition to questions related to internal audit innovation and transformation initiatives, the survey included questions asking respondents to identify their internal audit function’s level of maturity in 12 next-generation internal audit components under three categories:

  • Governance
  • Methodology
  • Enabling Technology

Survey participants also were asked to provide demographic information about the nature, size and location of their businesses, and their titles or positions within the internal audit department. These details were used to help determine whether there were distinct capabilities and needs among different sizes and sectors of business or among individuals with different levels of seniority within the internal audit profession. All demographic information was provided voluntarily by respondents.

Position

Chief Audit Executive 40%
Audit Director 27%
Audit Manager 13%
IT Audit Director 9%
IT Audit Manager 4%
Audit Staff 2%
Management Consultant 1%
Corporate Management 1%
IT Audit Staff 1%
Other 2%

 

Industry

Technology (Software/High-Tech/Electronics) 13%
Manufacturing (other than Technology) 8%
Retail 8%
Financial Services – Asset & Wealth Management 6%
Automotive 6%
Financial Services – Banking & Capital Markets 5%
Pharmaceuticals and Life Sciences 4%
Financial Services – Other 3%
Construction 3%
Consumer Packaged Goods 3%
Oil and Gas 3%
Financial Services – Mortgage & Consumer Lending 2%
Financial Services – Private Equity 2%
Healthcare Provider/Services 2%
Insurance (other than Healthcare Payer) 2%
Real Estate 2%
Hospitality, Leisure and Travel 2%
Biotechnology/Medical Devices 2%
Media and Entertainment 2%
Professional Services 2%
Transportation and Logistics 2%
Government 2%
Power and Utilities 2%
Telecommunications and Data Infrastructure 2%
Financial Services – Payments 1%
Chemicals and Materials 1%
Airlines 1%
Higher Education 1%
Healthcare Payer/Insurance 1%
Agriculture, Forestry and Fishing 1%
Construction Aggregates and Building Materials 1%
Healthcare – Integrated Delivery Systems (Provider & Payer) 1%
Not-for-Profit 1%
Warehousing/Distribution 1%
Other 2%

 

Size of Organisation (outside of financial services) — by gross annual revenue in U.S. dollars

Less than $25 million 2%
$25 million - $99.99 million 3%
$100 million - $499.99 million 4%
$500 million - $999.99 million 30%
$1 billion - $4.99 billion 40%
$5 billion - $9.99 billion 14%
$10 billion or more 7%

 

Size of Organisation (within financial services) — by assets under management in U.S. dollars

Less than $250 million 7%
$250 million - $999.99 million 4%
$1 billion - $4.99 billion 8%
$5 billion - $9.99 billion 11%
$10 billion - $24.99 billion 42%
$25 billion - $49.99 billion 13%
$50 billion or more 15%

 

Organisation Type

Publicly held 61%
Privately held 31%
Government 4%
Non-profit organization         3%
Other 1%

 

Organisation Headquarters

United States of America (USA) 81%
India 5%
Italy 4%
United Kingdom (UK) 3%
Netherlands 2%
Japan 1%
Canada 1%
France 1%
Australia 1%
Germany 1%

 

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