Other Key Survey Findings
- Continuous auditing was the top priority in terms of audit process knowledge in 2011 and 2012, but dropped down to #18 in the 2013 rankings.
- For audit process knowledge, auditing IT – new technologies was the third highest needs-improvement priority, and scored significantly lower than any other area evaluated with regard to existing competency.
- Concerns among chief audit executives were generally aligned with the broader sampling of respondents. However, they did rank audit process knowledge around Computer-assisted Audit Techniques (CAATs) as a higher priority for improvement, compared to the overall ranking.