Formulating Your Internal Audit Data and Technology Strategy

This paper explores how the changing role of an Internal Audit impacts how an audit team must collaborate with other functions in providing assurance, how this impacts data consumption and, in turn, how this shapes technology requirements.

“Internal Audit is at a crossroads” and “Internal Audit must change to stay relevant” are two typical, if somewhat clichéd, statements that typically crop up in any discussion about the Internal Audit (IA) profession. Nonetheless, they speak to the underlying challenge which the Chief Audit Executive community must continuously tackle: provide more assurance and greater insight in an increasingly changeable environment.