PwC queries boardroom IT knowledge

While 98% of business leaders see IT as strategically important to the future
success of their business, research carried out by
PwC on behalf of
The Institute of Internal Auditors for UK and
has questioned whether board members really have sufficient
understanding of their organisation’s IT risks to address them adequately.

PwC’s report: IT Risk – Closing the Gap, found that in 74% of
organisations, IT-related risk has risen higher up the board agenda and 87% of
senior management respondents say it is a major challenge to respond to the pace
of change in IT.

At the same time 68% of heads of internal audit surveyed believe boards do
not understand the IT risks they face while an even greater proportion (74%) say
they would like to provide more assurance over IT risk at a strategic level.

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