Internal audit profession turning to tech

Posted 3/13/2018

Internal auditors are making increased use of technology initiatives such as cybersecurity and data analytics, according to several new reports. Research by PwC found that 75% of companies who use internal audit technology will see a return on investment, but only 14% of internal audit functions are advanced in their adoption of technology. A separate report, from the Institute of Internal Auditors’ Internal Audit Foundation and Crowe Horwath , found internal auditors are increasingly adapting to cybersecurity risks and have growing responsibilities in validating the effectiveness of cyber risk management.

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