IIA-Australia Factsheet - Transitioning to Retirement

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Author	IIA-Australia
Date	2023
Topics Explored	Internal Audit
Format	Factsheet
Extract/Description	One in four baby boomers involved in the internal auditing profession are expected to retire in the short-term. With baby boomers making up almost 20% of the internal auditing workforce, this will result in the loss of considerable auditing experience and wisdom.
Key Points	Retirees often struggle with their new identity after defining themselves over many decades in relation to their careers. The lives of retirees are often enriched when they are able to give back to the profession, through sharing their experiences. Retirees can contribute to development of the next generation of internal auditors, while enriching their lives.
Relevant Industries	All
Level of Assumed Knowledge	Intermediate