In the quest for tech-literate talent, internal audit is not the only player in the game. This knowledge brief, the last part of a three-part series on innovation and technology, delves into the various aspects of what can be termed as internal audit’s “tech challenge.” One of the key issues discussed is the difficulty in forming tech-savvy teams within the internal audit function.
The brief also highlights the input of industry experts who provide insights on best practices and strategies that internal audit teams can implement. These strategies are designed to help teams, regardless of industry, budget constraints, or team size, in delivering assurance and advisory services that can keep up with the rapid and constant advancements in technology.
By incorporating the recommendations of industry experts, internal audit functions can better equip themselves to navigate the challenges posed by the evolving tech landscape. These insights can help internal audit teams stay relevant and effective in an increasingly technology-driven environment. With the right strategies in place, internal audit can continue to provide valuable assurance and advisory services that align with the pace of technological innovation.