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Are you getting the insight you need regarding your technology risks?

Are you getting the insight you need?

IT Internal Audit (ITIA) is under increasing pressure to measure the management and mitigation of proliferating technology risks. Resources are stretched and demands are increasing. The recent KPMG survey of the market revealed significant gaps in resources and capabilities.

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Are you getting the insight you need regarding your technology risks?

IT Internal Audit (ITIA) is under increasing pressure to measure the management and mitigation of proliferating technology risks. Resources are stretched and demands are increasing. The recent KPMG survey of the market revealed significant gaps in resources and capabilities.

To bridge these gaps our ITIA service model is built to accommodate as optimal as possible the technological needs within an organization’s internal audit obligations or role. Our key strength is the capacity to offer a team of qualified IT auditors that apply the latest auditing standards with subject matter experts in diverse areas, who can globally source your IT internal audit commitments.

The challenge

  • Establish an independent and objective IT internal audit function
  • Help your company achieve its business objectives in a rapidly changing technological environment
  • Continuously keep IT internal capacity ”at the right level” and respond to short-term and more-pressing demands due to emerging risks
  • Acquire, maintain and retain the depth and breadth of the necessary expert skills to fill particular skill gaps, or where you need to respond to digital or transformational disruption
  • Provide advisory services designed to create value and improve your business
  • Develop systematic, disciplined methodologies to evaluate and improve the effectiveness of technology risk management, control and governance processes

Your benefits

  • The means to quickly and effectively respond to emerging technology risks and opportunities
  • You only pay for the skills you need, effectively addressing human resources challenges, including training and employment costs for specialist resources
  • Access to experience and insights from the wider market
  • Access to a variety of subject matter experts in your IT internal audits (GDPR, Cyber, Data analytics, etc.) with the skills needed to deliver credible and relevant assurance.
  • Ability to easily contract or expand in function of fluctuations in demand
  • Enhance independence and objectivity through the transfer of skills and experience in order to develop inhouse capability
  • A global pool of resources

KPMG approach

Once the client needs are clearly established, a specially-composed team, combining all the necessary skills available to optimally source the internal audit process, will be formed. Where necessary, generic IT internal audit skills may be combined with expertise in other relevant areas.

Our service delivery models consist of:

Co-sourcing: We provide IT auditors and/or subject matter experts to supplement your in-house team and enable you to access the skills and experience they need. These experts will assist you to compose an annual IT audit plan that can help you close gaps regarding in-house resources. The model strengthens collaboration with your internal auditors and enables the transfer of valuable knowledge to your company. This model enhances the value of internal audit, while the organization keeps overall control.

IT Audit Advisory: These engagements are ad hoc in nature and may be requested in addition to the performance of an internal audit plan or other service(e.g. IT risk assessments, process improvement engagements, training).

Outsourcing: Together with our colleagues from the internal audit risk and compliance team, we complete the client’s Internal Audit mandate providing the full lifecycle of Internal Audit activities, including risk assessment and prioritization, development of audit plans, stakeholder management, delivery of internal audits and reporting and issue resolution tracking.

Our credentials

Our team includes individuals with degrees and experience in information systems, commercial engineering, commercial science, information management, computer science, physics and engineering. We can also provide you with technology consultants, system integrators and IT engineers or IT internal auditors, cyber and data analysis experts who have previously worked for large corporations. We deliver IT internal audit services in diverse sectors for large and medium sized companies and recognize that every client is different. Therefore we provide solutions that are tailored to the client’s business. We lead and contribute to the completion of IT internal audits related to diverse subject matters including but not limited to IT Governance, Cyber, GDPR, application audits… (see supra)

© 2018 KPMG Advisory, a Belgian civil CVBA/SCRL and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

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