Top FAQs for Internal Audits

January 8, 2020
Internal audits can be scary.
Many organizations shy away from the fact that they must hold an internal audit of their systems for the simple reason that they find the process too complex and cannot decide where to actually begin. This remains the main concern of most businesses, especially larger ones that have considerable amount of assets that need to be under the scope of an audit.
However, internal audit need not be scary at all. These Are one of the most routine and essential functions that you need to carry out to ensure the well-functioning security of your IT assets. The reason most organizations are wary of internal audits is that they feel there are too many unanswered questions going on in their minds regarding the topic.
To help you resolve these very questions, here are the top FAQs for internal audits.

What Is an Internal Audit?

Perhaps the most important question of all, an internal audit is nothing but an IT audit carried out by auditors who are themselves apart of the organization where the audit is taking place. In this case, the auditors are liable to report their findings to the management of the company.

How Is It Different from an External Audit?

The primary purpose of an internal audit is to assess the security standards of the IT infrastructure of any business. This can be carried out before an external audit is scheduled; it ensures that the company assets fulfill any regulatory requirements. Further, an internal audit helps to get a comprehensive idea about the organization’s digital assets and their levels of safety.

How Do I Prepare for an Internal Audit?

There’s no one-size-fits-all solution here. Internal audits vary in scope and purpose based on the size of the organization and the executive goals. Usually they involve a lot of prior planning, assessment, and training. For a full guide on how to prepare for an IT audit, click here.

Is an Internal Audit Absolutely Necessary?

Without a doubt! Internal audits help to answer a lot of the questions that you might have on your mind regarding the IT assets of your organization. Not only this, they also enable you to ensure the safety of your digital infrastructure and protect it from data breaches and external attacks.
Do I Need to Hire External Help?
As mentioned above, an internal audit is a complex task that has multiple layers of operations associated with it. You can always opt to train your existing staff for carrying out the audit; but for the best possible results consider hiring professionals who have extensive experience in carrying out the task.We hope the above questions will contribute towards alleviating your worries regarding internal audits.

 

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