Rising governance issues in companies and increasing corporate frauds have led to a surge in demand for talent in the internal audit arm of audit firms and companies. Audit firms like Ernst & Young,PricewaterhouseCoopers (PwC) and Protiviti Consulting are ramping up hiring for internal audit and risk advisory functions. While the headcount at E&Y's internal audit arm has more than doubled to 1,250 from 600 over the past three years, the internal audit and risk advisory arm of PricewaterhouseCoopers has grown by 150 percent in terms of headcount over the past three years. Likewise risk consulting and internal audit firm Protiviti Consulting has been growing at 40 percent year on year in terms of hiring since its inception in 2006.
Source: The Economic Times