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Post details: IT Internal Audit Outsourcing - Sarbanes Oxley

05/02/07

Permalink 12:36:12 am, Categories: Sarbanes Oxley, 190 words   English (US)

IT Internal Audit Outsourcing - Sarbanes Oxley

With many organizations going in for complex ERP solutions, it is essential that the internal audit department is capable of auditing these complex softwares. Research shows that in most organizations, internal audit department lacks the deep skillsets for technology auditing. As a result, many companies are strategically outsourcing their IT internal audit department partially or fully to professionals. There are many players in the market both Big 4 firms as well as niche firms which provide such outsourced internal audit models.

IT Internal audit outsourcing is a win/win situation for companies, since they get the skilled resources for auditing their IT systems. Also, companies own internal audit department can get itself trained in auditing IT systems and ERPs by underdoing training sessions. As companies venture into newer technologies, it is important for internal audit departments to keep themselves abreast of the latest developments in the IS auditing world. IT internal audit outsourcing is an excellent way to bridge the technology gap missing in internal audit departments.

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