Survey: Audit execs expect to see budgets rise in 2013

11/26/2012 | Wall Street Journal/CFO Journal, The

About 40% of chief audit executives said they expect to see budget increases in 2013, the strongest such sentiment in the past four years, according to the Institute of Internal Auditors. New regulations and pressure from directors are seen as driving the demand for internal audit services. "Audit committees [on corporate boards of directors] are asking internal auditors point blank if they have the resources to address what they need to do," says Richard Chambers, president of the IIA.

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