This memo documents internal audit's summary of findings from a data governance review. This review was conducted to assess the company’s data management practices relating to the assignment of responsibility of data owners; established policies, procedures and supporting technical documentation; and an evaluation of controls around the data management program at the company.
In this sample, internal audit summarizes several key themes that encapsulate the root cause of most of its findings. These key themes are data ownership, technical documentation, data management, data usage and vendor management. Also, IA interviewed key personnel to gain an understanding of data governance practices in place at the company related to oversight, defined procedures and ongoing initiatives.