Stakeholders are less reliant on the outcome of internal audit reports

PWC has conducted an extensive survey to evaluate the value which recipients place on internal audit reports and the weight given to them. The research has demonstrated a declining reliance on internal audit report by shareholders, management and investors. Only 44% respondents stated they viewed internal audit reports as valuable sources of information in 2017. If comparing year by year, 54% of respondents have relied on audit reports in 2016.