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On the CAE Agenda Q1/Q2-2023

The latest trends affecting the role of internal audit

The role and focus of internal audit (IA) are ever-evolving. This installment of the KPMG On the CAE Agenda series provides quick insights into what IA leaders have been hearing during the first quarter of 2023, as well as the topics they believe will continue to drive conversation with their stakeholders across the core elements of their CAE agendas as we move into Q2.

Hot topics in internal audit and key focus areas

  • Auditing in an inflationary environment (e.g., cost recovery audits and risk prioritizations)
  • Business continuity and disaster recovery
  • Auditing digital platforms and complex AI models (e.g.., ChatGPT)
  • Assurance over IT capital investment
  • Mergers and acquisitions
  • Economical and geopolitical uncertainties
  • Upskilling vs. outsourcing SMP talent
  • Climate change impact on the business
  • Fraud risk management
  • Cybersecurity (e.g., ransomware incident response, phishing, hacking, data theft)
  • Change governance
  • IT resiliency (Ability of an org. to maintain acceptable service levels when there is a disruption of critical operations, IT ecosystem)’
  • Governance modern delivery (e.g., Agile, DevOps)
  • ESG strategy and reporting (e.g., data governance)

Dive into our thinking:

On the CAE Agenda Q1/Q2-2023

A pulse on what Chief Audit Executives (CAEs) are focused on, with a lens on top risks being considered.

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Q1-Q2 spotlight on:


Digital acceleration


New ways of working

  • Balancing in-person versus virtual work to continue fostering growth
  • Overall shift in competencies and skill sets needed given shifts in IA delivery model (e.g., enterprise acumen and cultural and behavioral awareness)
  • Become a talent engine for the organization (e.g. rotational programs, guest auditors, career pathing) and retention of talent 


Operating model agility

  • Challenging IA’s operational model (e.g., centers of excellence, data & analytics, transformation)
  • More flexibility on timing based on competing priorities for audit stakeholders
  • Real-time Agile risk assessments and continuous monitoring (e.g., impact from global events)

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Meet our team

Image of Michael A. Smith
Michael A. Smith
Partner, Advisory, and U.S. Internal Audit Solution Leader, KPMG US
Image of Richard Knight
Richard Knight
Principal, Advisory, and U.S. IT-Internal Audit Solutions Leader, Technology Risk Management, KPMG US

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