The tech industry is constantly evolving, and as a result, the demand for tech-literate talent is increasing. While internal audit may not be the only player in this game, it still faces its own set of challenges. This knowledge brief, which is the final part of a three-part series on innovation and technology, explores the various aspects of what can be referred to as internal audit’s “tech challenge.”
One of the key issues discussed in this brief is the difficulty in forming tech-savvy teams within the internal audit function. Despite budget constraints and team size limitations, industry experts suggest that there are best practices and strategies that internal audit teams can implement to deliver assurance and advisory services that can keep up with the rapid and constant advancements in technology.
By incorporating these recommendations into their operations, internal audit functions can better equip themselves to navigate the challenges posed by an increasingly technology-driven environment. These insights can help them stay relevant and effective, enabling them to provide valuable assurance and advisory services that align with the pace of technological innovation. In doing so, they will continue to be valuable partners to organizations as they navigate their digital transformation journey.
