The ongoing digital transformation could accelerate in internal audit in 2021. That’s according to a new survey called “ Internal Audit’s Digital Transformation Imperative: Advances Amid Crisis“ from AuditBoard and the Institute of Internal Auditors‘ Internal Audit Foundation (IAF).
Twenty-two percent of respondents in a survey say they will implement cloud-based technology this year. Overall, it can be seen that cloud-based audit management or GRC software solution are increasingly being used.
The associated automation can help internal auditors spend less time on repetitive tasks and more time focusing on higher value-added tasks.
For insight into current trends and access to the study, click here.