October 12, 2009

Improving Internal Audit Through Technology

By John Verver, ACL

A number of studies show that internal audit functions are looking more seriously at technology as a way to improve productivity and the organization’s risk management process. The reality is that internal audit cannot successfully meet all looming expectations and perform at a new level without doing things differently and technology – or, more accurately, the very efficient and effective use of technology – is essential for internal audit to succeed in its evolving mandate. This article discusses how to start integrating technology into the audit process, sell its value proposition to executive management, and overcome the related challenges.