Navigating Technology: The Challenges and Best Practices for Building Tech-Savvy Internal Audit Teams

As technology continues to play an increasingly important role in businesses, internal audit teams are facing growing competition when it comes to recruiting tech-savvy talent. In this knowledge brief, we explore the challenges and best practices for building and maintaining tech-savvy teams within the internal audit function.

One of the biggest challenges faced by internal auditors is keeping up with the fast pace of technological advancements. To effectively audit technology-driven processes and systems, auditors must have a strong understanding of technology and its capabilities. This requires a concerted effort to build and maintain teams with strong technological skills.

To address this challenge, internal audit teams can benefit from leveraging the expertise of industry professionals who have experience in navigating the complex landscape of technology. By learning from these experts, auditors can gain valuable insights into best practices and strategies for auditing technology-driven processes. This can help them provide better assurance and advisory services to their organizations, ensuring that they are able to keep pace with the constant changes in technology.