Permacrisis is driven by the velocity, volatility, and complexity of the risks dominating today’s risk landscape. To understand the risk exposure gap being created, internal audit must have a clear view of the urgent risk areas impacting organizations. To that end, each year Focus on the Future takes a fresh look at the leading risks commanding internal audit’s attention.
Unsurprisingly, as shown in Figure 2, many of the risks that dominated the landscape in the 2023 survey are expected to carry over into 2024. None of these risks are expected to abate; many are growing in complexity and impact. However, internal audit leaders’ collective predictions for 2024 rank three of the top four risks lower than in 2023.