The 2017 TeamMate Audit Technology Insights report builds on the results of TeamMate’s 2016 Global Audit
Technology Survey, which focused on enhancing risk assessments and audit planning, topics of major
interest to internal auditors around the world. This report expands on our 2016 survey research with
input and insights from leading auditors. We also cite a number of findings from The IIA’s 2015/2016 CBOK
(Common Body of Knowledge) Global Internal Audit Study that relate to and support our report narrative.
As the results of our 2016 global technology study indicate, audit leaders from around the globe are seeking
to fine-tune their risk assessment and audit planning activities to better address the dynamic nature of
their rapidly changing risk environments. To support these enhancement efforts, the 2016 TeamMate Global
Audit Technology Survey focused on the key processes underlying these activities. Our intent was to compile
useful data on both current and anticipated practices in three related and interdependent audit processes —
risk assessment, audit planning, and reporting on these activities to management and the audit committee.
TeamMate also sought to develop a source of data and research from which audit leaders around the world can
compare their risk assessment and audit planning activities to those of the entire universe of 2016 TeamMate
Global Audit Technology Survey respondents.
Leveraging insights gained from their 2016 survey findings and the additional insights provided by leading
auditors, TeamMate developed the following set of 10 recommendations for audit leaders to consider in exploring
ways to strengthen or refine their risk assessment and planning activities.
- Address Your Organization’s Strategic Risks
- Target Emerging Risks
- Consider the Impact of Macro Risk Factors
- Sharpen Your Focus on Cyber Risks
- Move to a More Continuous Risk Assessment Process
- Make Your Audit Planning More Dynamic
- Expand Input from Related Functions in the Risk Assessment Process
- Enhance Your Risk Assessment Technique
- Enhance Your Reporting of Risk
- Address Management and Audit Committee Expectations.
Please visit the TeamMate website for your copy of the report.