Internal audit departments are taking advantage of technological advances to offer more accurate audits and better insight into complex process, often with less time and work to complete them. Many internal audit departments are using data analytics, agile, automated processes, and other technology to improve the previously manual approach for measuring and assessing controls and processes.
But what using technology to improve the way internal auditors perform the audits themselves? The lion’s share of internal audit’s work—information-gathering, walkthroughs, and interviews, for example— is still is done on-site. Leveraging today’s technologies, including, text, video chats, conference lines, secure file sharing, and virtual private networks, to conduct remote audits could streamline audits that involve far-flung offices and locales and further increase the efficiencies of internal audits.
