CBOK Report: Navigating Technology’s Top 10 Risks

From battling cyberattacks to protecting customer data, navigating technology risks is a top priority for organizations, and internal auditors are at the forefront of that effort. The report Navigating Technology’s Top 10 Risks, from the 2015 Global Internal Audit Common Body of Knowledge (CBOK) Resource Exchange, ranks the 10 biggest tech risks and outlines internal audit’s role in managing them.

Are the primary and emerging technology risks in your organization being identified and managed appropriately? This is one of the key questions that audit committees and boards of organizations everywhere are asking. This report provides internal auditors, board members, and audit committees with key information to help navigate the most important technology risks today.

You will learn

  • The top 10 technology risks
  • Key questions for internal auditors to ask about these risks
  • Key activities for addressing technology risks

The top 10 risks were identified using interviews with chief audit executives (CAEs) and information technology (IT) specialists from Africa, Latin America, the Middle East, Europe, Canada, and the United States. In addition, perspectives about technology risks are reported from the CBOK 2015 Global Internal Audit Practitioner Survey, the largest survey of internal auditors in the world. The order of the risks may differ in priority depending on the market in which you operate.

This report not only guides readers through the maze of complex current and emerging technology issues, it also addresses the organizational side of risks caused by low levels of IT skills within the internal audit department and the lack of awareness among the board of directors.

About CBOK
The Global Internal Audit Common Body of Knowledge (CBOK) is the world’s largest ongoing study of the internal audit profession, including studies of internal audit practitioners and their stakeholders. One of the key components of CBOK 2015 is the global practitioner survey, which provides a comprehensive look at the activities and characteristics of internal auditors worldwide.

Download the report here

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