KPMG survey: IT audit highlights company vulnerability

A survey published by KPMG looking at internal IT audits has highlighted
various security risks in companies around the world.

The survey highlighted that the majority of respondents said they do present
their findings to the audit committee, but only 37% of external auditors receive
a copy of the findings, showing a ‘disconnect’ between internal and external

For 62%, security is the biggest skill set in demand, with 40% of respondents
admitting that they will use outsourcing to a acquire the necessary skills set
with this trend expected to continue over the next 18 months.

Warren Middleton, global head of IT internal audit at KPMG said: ‘The need
for up-to-date and regular reviews should be a fundamental part of the audit
process – especially in the current climate where IT continues to be open to
potential attack.’

‘For businesses, life without technology is unthinkable and the need to get
this right should make this a priority issue for all Boards’ he adds.

The survey highlighted that over half of respondents are not aligning their
IT internal audit with the company’s wider governance remit and that almost 4 in
5 will only look at their IT on an annual basis.

The survey looked at 297 finance professionals from Europe, the Middle East
and Africa and was carried out in association with – the Institute of Internal
Auditors, and the Information Systems Audit and Control Association.

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