Internal Audit Still Faces Talent Shortage

Although a number of companies have tried to expand their internal audit departments to cope with the demands of Sarbanes-Oxley, a lack of talent has kept many positions unfilled. More than half of the 400 respondents to PricewaterhouseCoopers' second annual "State of the Internal Audit Profession" survey said SOX had resulted in an increase to internal audit resources. Thirty five percent said they'd grown their staff by 25 percent or more since the act took effect. Yet at the same time, 32 percent were actively trying to fill auditor positions that had been vacant for more than six months - the same percentage as in 2005. "In today's operating environment, the demand for internal audit resources has increased much faster than internal audit capacity - a situation t View the rest of this article