Core Insights - The 2025 Internal Audit Priorities Survey by Jefferson Wells highlights that cybersecurity remains the top emerging risk for the fifth consecutive year, emphasizing the need for strong cyber defenses in a vulnerable technology landscape [2][4] - Generative AI has emerged as the second most pressing concern, influencing audit strategies and the necessary skillsets to manage these risks [2][4] - Economic uncertainty has become a significant factor for audit leaders, with 26% of respondents citing it as a concern, a notable increase from nearly zero in the previous year [2] Group 1: Key Trends - Cybersecurity is identified as the foremost risk, indicating a critical focus for internal audit functions [2][3] - The rise of generative AI is reshaping audit strategies and toolsets, necessitating new skills for audit teams [2][4] - Economic uncertainty is now a prominent concern, reflecting changing market conditions and their impact on audit priorities [2] Group 2: Challenges Faced - Internal audit departments are facing skill shortages in key areas such as cybersecurity, AI, IT audit, and data analytics [3] - Over 85% of audit leaders are relying on external partners to fill critical skill gaps within their teams [3][4] - The need for internal audit functions to adapt to rapid advancements in technology and economic conditions is underscored [4]