Risk, governance, and assurance activities are evolving as organizations seek greater connectedness, coordination, and insight across the second and third lines. Written in partnership with the Internal Audit Foundation and Baker Tilly, this report explores how rising expectations for collaboration and strategic contribution are reshaping the role of internal audit, positioning it to work more closely with other risk-related functions in ways that extend beyond traditional assurance.
Drawing on insights from more than 3,000 internal audit and risk professionals worldwide, the findings highlight how organizations are responding to these dynamics in practice. The research examines how roles and responsibilities are evolving across the second and third lines, where collaboration is creating measurable value, and how internal audit leaders are positioning their functions to deliver greater strategic impact.
Drawing on insights from more than 3,000 internal audit and risk professionals worldwide, the findings highlight how organizations are responding to these dynamics in practice. The research examines how roles and responsibilities are evolving across the second and third lines, where collaboration is creating measurable value, and how internal audit leaders are positioning their functions to deliver greater strategic impact.