Published: 16 March 2023
Summary
Organizations are increasing their expectations of chief audit executives around business partnerships, emerging risks and broader impact on the organization. To meet this challenge, CAEs must increase their executive impact throughout the enterprise and improve key leadership qualities.
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Overview
Key Findings
Although chief audit executives (CAEs) traditionally rely on their technical expertise, organizations’ requirements from executives have shifted to softer skills to help lead an agile and digitized workforce.
Many CAEs struggle to efficiently build high-impact business partnerships because they cannot prioritize key stakeholder groups from the entire population of internal and external stakeholders.
CAEs find establishing business partnerships challenging because stakeholders rely on trust and/or capability, and CAEs can miss establishing those while building relationships with stakeholders.
Recommendations
To increase their executive leadership effectiveness and meet their organizations’ needs, CAEs should:
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Analysts:
Audit Research Team