Dr Andrew Davidson of Johnston Carmichael covers the following issues for Internal Audit with technology and for each area, he looks at the concern for Internal Audit and the solution:
Expectation gap - management thinks that new software will do everything, solve all problems and give 100% reliable answers
Training and change - staff can be reluctant to change to a new way of doing things
Ongoing monitoring - it is rare that new technologies are implemented flawlessly and work exactly as anticipated
Data management - for software technologies, the data required (or produced) may be more or less than that required by the business
Techno-joy - people may use software despite it not being relevant and try to force it to do the job.
In this webinar, the team at Protiviti explain how they are using Active Assurance as a strategy to remain relevant in a very dynamic environment. The session includes a demonstration of their tool for process mining and showcases other next generation tools that they are currently leveraging when supporting their clients with their assurance agenda.
Protiviti can offer further support on Active Assurance during this time of uncertainty.
In the turbulent times of Covid-19 and the fundamental changes that businesses are undergoing as a result, internal auditors face challenging times and daunting tasks. With the right tools, they can leverage their unique ability to look right across all areas of a company and ensure positive mental health and wellbeing for everyone alongisde company growth and sucess. Victoria Fellowes of StrideForth eplores how they can do this.
Business resilience focuses mainly on managing the consequences of crisis events and restoring normality within a set timescale, or indeed, defining a new normality. As we start to recover from Covid-19, Gillies Crichton considers how can we improve business resilience?
Internal Audit has a role to play in determining whether stakeholder reporting about climate change is accurate, and to challenge the data presented. Sonia Shah and Sylvia Ashley of Grant Thornton look at the key considerations.
