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A maturity level assessment of the use of technology by internal audit functions: a comparative analysis of the Federal Government of Canada.
- Source :
- EDPACS: The EDP Audit, Control & Security Newsletter; 2023, Vol. 68 Issue 1, p1-41, 41p
- Publication Year :
- 2023
-
Abstract
- This work presents the results of the empirical study conducted on internal audit (IA) functions in the Federal Government of Canada (after this Federal Government) to measure generalized audit software (GAS) use practices. The study empirically gauged the function maturity of the Federal Government Internal Audit. It sought to provide information on the current state and usage of GAS and the future needs of audit functions across the federal government. The current maturity assessment (2022) is phase two; phase one (2017) was completed five years ago. This work enables us to see if progress has been made in data analytics and provides valuable information on where to focus efforts to achieve best practices. People, processes and technology form the foundation of effective internal auditing. It is essential to continue assessing progress in these areas. This paper focuses on these three aspects, which contribute equally to the overall assessment of the maturity of GAS use by internal auditors in the Federal Government. The comparison drawn from the empirical findings indicates that there has not been significant progress in any area or overall maturity levels since the initial study in 2017. A comprehensive discussion of the results leads to policy recommendations for shaping the maturity-level assessment of future GAS use. At the same time, by considering Canada as an advanced country case study, the research aims to provide a lessons-learned experience from an organizational learning perspective for other countries and organizations while contributing to decision-making processes. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 07366981
- Volume :
- 68
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- EDPACS: The EDP Audit, Control & Security Newsletter
- Publication Type :
- Periodical
- Accession number :
- 169729303
- Full Text :
- https://doi.org/10.1080/07366981.2023.2229986