Boards, audit committees and senior management now want internal audit to take on a bigger and more strategic role in helping companies manage an increasing array of business risks, according to PwC’s 2012 State of the Internal Audit Profession study. The survey polled 1,530 executives from 16 industries in 64 countries.
Keeping up with the latest digital innovations has replaced economic conditions and regulatory changes as the biggest concern for global executives this year.
Wage and hour settlements accounted for $1.2B of the total.
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