Stakeholder expectations for internal audit are constantly changing, growing, and seem to be moving targets. Meeting and exceeding those expectations requires internal audit functions to continually expand skills and capabilities, and internal audit leaders, including chief audit executives (CAEs), must consistently give consideration to the existing and potential capabilities in their departments, as well as the skill set gaps.

To remain relevant and continue to add value, internal audit professionals must continuously keep enhancement and development in the forefront of their minds. To grow and advance in an internal audit career, practitioners must be cognizant of their skills and their skill deficiencies, and be willing to develop and commit to a plan to enhance themselves.

This knowledge brief discusses the process and the planning for upskilling internal audit teams, and will provide a framework that internal audit leaders can use when considering approaches to developing audit professionals in an efficient and effective manner, including developing critical skills within certain constraints and available resources.

APPROACHES TO UPSKILLING FOR INTERNAL AUDITORS