With technology’s constant evolution—and countless high-profile data breach and security incidents—executive leadership and boards are under increased pressure to ensure that management is proactively evaluating and addressing IT risk. The internal audit function plays a large role in assuring proper audit plans are in place to address these IT risks.
However, internal audit departments do not have limitless resources, and are constantly working to direct attention to confirmed high-risk areas. Understanding the risk profile of your technology infrastructure and determining your highest areas of risk can help you design a thorough and more effective IT audit program.
An IT enterprise risk assessment allows management to do the following: