Price-Waterhouse Cooper (PWC) releases its “State of the Internal Audit Profession Study” report annually. In 2018, the study sought to highlight the differences between followers, evolvers, and observers in organizations aiming at adopting data analytics to enhance internal audit.
The findings showed that adoption of technology improved the alignment of internal audit outcomes to the organization’s plans. This link is important in meeting cybersecurity standards and thus protecting your data.
What is an evolver?
According to PwC, evolvers are the organizations that have adopted advanced technology. On the other hand, followers are slow in technology adoption while observers fail to take any initiative to use technology in their internal audit functions. What’s worrying is the fact that only 14% of organizations are evolvers. Approximately 75% of these evolvers use technology in internal audit functions
The use of collaboration tools by evolvers
Approximately 74% of evolvers and 43% of followers use collaboration tools in their auditing processes. As your organization’s systems become more complex, there is a need to incorporate more stakeholders in the auditing process thus making it…
