A look at how IT Internal Audit is responding to the increased pressure to measure the management and mitigation of technology risks.
Technology risk is pervasive and continually changing. It is a critical time for IT professionals and internal auditors of IT, who must build plans to provide assessments of, and insights into, the most important technology risks and how to mitigate them. IT Internal Audit (ITIA) must keep abreast, and wherever possible anticipate, fast-moving developments in technology. In particular, ITIA must plan, deliver and, when necessary, flex its audit plan in such a way that it responds to these changes in the most appropriate, efficient and effective manner. And it must do so within the budgetary constraints imposed by the organization, facing competition (both internal and external) for resources.
To find out how ITIA is responding to these challenges, KPMG surveyed ITIA representatives of 250 organizations, both large and small, that are operating in a wide range of industries around the world. At a time when demands placed on ITIA are steadily growing, this report is intended to stimulate your thinking and provide fresh perspectives.
Based on our analysis of the survey results, the main findings include:
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