There is no disputing technology’s role in business today as an enabler of virtually every process and function. With this enablement and the advantages IT brings, also come global risks such as security, cyberattacks, privacy issues, data breaches, governance, asset management and more. We know companies around the world, from multinational conglomerates to smaller national organizations, now leverage technology tools and processes to the fullest extent possible.
The critical question we ask is: Are IT audit practices keeping pace in order to assess, monitor and mitigate critical risks coupled to a technology-enabled business? This is what ISACA and Protiviti set out to determine in conducting the fourth annual IT Audit Benchmarking Survey.
In this report, we summarize the findings from ISACA and Protiviti’s fourth annual IT Audit Benchmarking Survey in the third quarter of 2014. This global survey, conducted online, consisted of a series of questions grouped into five categories: Today’s Top Technology Challenges; IT Audit in Relation to the Internal Audit Department; Assessing IT Risks; Audit Plan; Skills and Capabilities.
More than 1,300 executives and professionals completed our online questionnaire. One in three participants are from organizations with US$5 billion or more in annual revenue, and more than half of all respondents come from organizations with greater than US$1 billion in annual revenue.