Mumbai, 4th March 2025 – As Indian enterprises are confronted by an increasingly complex risk management landscape, new governance risks related to cybersecurity, Artificial Intelligence (AI) and other emerging technologies have been deemed as most critical by a majority of internal audit professionals, according to the latest Institute of Internal Auditors (IIA) – Protiviti India Survey 2025.
The findings were released at the IIA India International Conference 2025 held today in Mumbai and was addressed by several leading corporate luminaries including KV Kamath, Chairman of Jio Financial Services Ltd., Radhakrishnan KN, CEO of TVS Motor Company, M Damodaran, Former Chairman of SEBI, and Ronnie Screwvala, Chairman of upGrad.
As many as 66% of Chief Audit Executives (CAEs) across large and midsized enterprises interviewed for the survey consider emerging technologies including AI, ML, and bots, and cybersecurity as the top risks confronting their organisations. These professionals are directly responsible for corporate governance and compliance and for protecting their organisations from fraud and operational risks.
The survey, conducted by global consulting firm Protiviti with IIA India, further revealed that a majority of Indian enterprises lack adequate skills to deal with these emerging risks, with only 16% of CAEs affirming they believe they are “highly prepared” to proactively identify and address emerging risks as part of internal audits. The findings are based on interviews with 225 CAEs representing premier multinationals, large corporate houses, new-age tech companies, and startups based in India.
