Risks surrounding data and analytics are the primary concerns of chief audit executives (CAEs) for 2019, said Gartner on Thursday.
Based on a survey of 144 CAE clients, Gartner said it has identified the major risks that boards, audit committees and executives need to prepare for in the coming year.
While the pursuit of digital business models to drive growth has increased the amount of data collected and processed by businesses at a time when public and regulatory scrutiny is very high, this has led to heightened risks around data governance, which CAEs plan to watch closely, Garner pointed out.
“Companies face major challenges in applying proper data governance, maximizing the value they get from data, and complying with the fragmented data regulation landscape,” said Malcolm Murray, vice president of audit research at Gartner. “Recent high-profile data breaches and increased public attention have raised the stakes for organizational accountability, and it’s only going to get tougher in 2019.”
Data governance, third parties, and data privacy
According to him, the top data and analytics risks that will concern audit executives in 2019 include data…
