According to the third annual study of current issues for the internal audit profession conducted by PricewaterhouseCoopers, a number of divergent and conflicting trends related to risk assessment are a concern among internal audit executives.

Although there is growing interest in enterprise risk management (more than 80 percent of respondents reported that they conduct an annual enterprise-wide risk assessment), only a handful of those surveyed said that they update the internal audit risk assessment continuously, while 64 percent may be doing little or nothing between annual assessments.

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