top technology challenges and the relationship … · top technology challenges and the...

TOP TECHNOLOGY CHALLENGES AND THE RELATIONSHIP TO THE AUDIT PLAN

ISACA/Protiviti 6th Annual IT Audit Benchmarking Survey

OUR JOINT STUDY

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6th Annual IT Audit Benchmarking Survey

• The IT audit function has never held a more crucial

role. From substantial cybersecurity, privacy and

infrastructure challenges and management issues

to the implementation of new technologies in the

organization, IT auditors work closely with

management and the board of directors to fulfill a

vital role in helping maintain an effective control

environment amid a changing business climate and

dynamic global marketplace.

• The results of the latest IT Audit Benchmarking

Study from ISACA and Protiviti illustrate the

increasingly integrated role IT audit leaders and

professionals are assuming in regard to technology

initiatives in their organizations.

TOP TECHNOLOGY CHALLENGES AND THE RELATIONSHIP TO THE AUDIT PLAN

TODAY’S TOP TECHNOLOGY CHALLENGES: YEAR-OVER-YEAR TRENDS

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Current YOY Trend 2015

IT security and privacy/cybersecurityEmerging technology and infrastructure

changes – transformation, innovation, disruption

Infrastructure management IT security and privacy/cybersecurity

Emerging technology and infrastructure

changes – transformation, innovation, disruptionResource/staffing/skills challenges

Resource/staffing/skills challenges Infrastructure management

Regulatory compliance Cloud computing/virtualization

Budgets and controlling costs Bridging IT and the business

Cloud computing/virtualization Big data and analytics

Bridging IT and the business Project management and change management

Project management and change management Regulatory compliance

Third-party/vendor management Budgets and controlling costs

TODAY’S TOP TECHNOLOGY CHALLENGES

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IT SECURITY AND PRIVACY/CYBERSECURITY

PRIOR YEAR RANK: #2

HOW DOES THIS IMPACT THE AUDIT PLAN?

The global risks in this area have never been higher, and the

magnitude is almost certain to intensify in the months and years

to come.

Cybercriminal activity against global companies surged in the past

year, and there are growing signs suggesting that a form of global

cyberwar has commenced.

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INFRASTRUCTURE MANAGEMENT

PRIOR YEAR RANK: #4


IT infrastructure management has become a major challenge for

organizations, particularly those that have aging cores of outdated

information systems.

A growing number of these organizations are electing to

modernize their aging cores to achieve both increased agility and

significant long-term savings in costs and resources.

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EMERGING TECHNOLOGY AND

INFRASTRUCTURE CHANGES –

TRANSFORMATION, INNOVATION, DISRUPTION

PRIOR YEAR RANK: #1


The most common drivers of transformational initiatives often

include new functionality, cost optimization, operational

improvement, adoption of emerging technology, and alignment

between the IT organization and the business.

It is important to understand IT transformation obstacles in the

context of the unique challenges for your organization and

industry.

03


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RESOURCE/STAFFING/SKILLS CHALLENGES

PRIOR YEAR RANK: #3


In today’s market, it’s a challenge to find qualified and

experienced IT auditors, and talent levels are below where many

organizations want them to be.

Not only was this noted by respondents as one of today’s top IT

challenges, this is supported in numerous results within the

survey.

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REGULATORY COMPLIANCE

PRIOR YEAR RANK: #9


Increasing, and increasingly sophisticated, cyberattacks will likely

result in more regulations and oversight, as governments and

regulatory authorities seek to bolster protections of consumer and

organizational data.

This is especially an issue for organizations in highly regulated

industries.

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BUDGETS AND CONTROLLING COSTS

PRIOR YEAR RANK: #10


IT budgets are rising.

Investments in running IT operations and maintaining technology

through the business consume large portions of IT budgets, often

followed by investments in improvements and innovation, security

and compliance.

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CLOUD COMPUTING/VIRTUALIZATION

PRIOR YEAR RANK: #5


Cloud adoption and virtualization will continue to take place in the

coming years.

The widespread adoption of infrastructure as a service, software

as a service and platform as a service will require significant

planning and changes.

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BRIDGING IT AND THE BUSINESS

PRIOR YEAR RANK: #6


Technology risk is a significant component of critical enterprise

risks. It is important that internal audit understand the technology-

related risks that present threats to the business model.

Audit should follow these developments closely because of the

potential audit and disclosure implications they may have.

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PROJECT MANAGEMENT AND CHANGE

MANAGEMENT

PRIOR YEAR RANK: #7


In organizations today, there is a growing number of critical

initiatives underway as they undergo the types of IT

transformation, cloud, digitization and big data projects.

However, there are significant roadblocks, both technological

(legacy systems and processes) and cultural (change

management problems and skills gaps) in nature.

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THIRD-PARTY/VENDOR MANAGEMENT

PRIOR YEAR RANK: NA


Organizations that rely on IT service providers have found that

they must increase the maturity of their vendor management

processes.

Managing infrastructure is changing as operations and services

shift to the cloud.

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TOP TECHNOLOGY CHALLENGES QUESTIONNAIRE

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Top Technology ChallengesIs this a challenge for your

organization? (Yes/No)

Is this addressed in the 2017

audit plan? (Yes/No)

1. IT security and privacy/cybersecurity

2. Infrastructure management

3. Emerging technology and infrastructure

changes – transformation, innovation, disruption

4. Resource/staffing/skills challenges

5. Regulatory compliance

6. Budgets and controlling costs

7. Cloud computing/virtualization

8. Bridging IT and the business

9. Project management and change

management

10. Third-party/vendor management

QUESTIONS?

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THANK YOU FOR ATTENDING

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Visit www.protiviti.com/itauditsurvey to

download the publication.

Visit www.isaca.org/2017itauditstudy to

download the publication.

http://www.protiviti.com/itauditsurvey

http://www.isaca.org/2017itauditstudy

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