SAP recently conducted a survey on transforming internal audit management at the Institute of Internal Auditors International Conference 2014 held at London. The purpose of this survey was to explore the current status, business impact and potential future of technology in transforming internal audit. Around 150 respondents provided their inputs to this survey providing some key insights:
- 81% consider Integration with Risk and Control management systems and/or the underlying ERM as the key capability needed in the future
- Only 15% use integrated audit management solutions with analytical capabilities and only 14% say that current audit management/analysis tools meet all/most needs
- 54% believe that Technology will fundamentally change how audit services are performed and how the value of those services is measured
Here is the link to a blog post as well as an infographic depicting the key findings.