The top three risk areas for internal audit teams and chief audit executives heading into 2020 are data governance, third-party ecosystems, and cyber vulnerabilities, according to a recent report by research and advisory firm Gartner.
Gartner’s annual “Audit Hot Spots” report is based on interviews and surveys of their global network of clients and identifies the most significant risks facing executives, boards, and audit committees in the year ahead. The report lists the 2020 top risks, compares them to the 2019 report, and includes key risk indicators and questions management should ask for each. It also includes an evaluation of the survey respondents’ confidence in the audit department’s ability to provide assurance over each risk, and their plans to cover the risk in their audit activities in the next 12-18 months.
