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Internal Audit and Cybersecurity Report Published

Announced on August 17th, the Institute of Internal Auditors has released its report, Internal Audit’s Role in Cyber Preparedness: The Importance of a Holistic Approach (Report). Created by The Institute of Internal Auditors Research Foundation, the Report offers cybersecurity guidance by helping organizations anticipate, endure and recover from potential cyber-attacks.

Essential to organizations’ efforts is for board members and audit committees to be aware of available resources when creating cybersecurity strategies and policies. In particular, the Report lists protection, detection, business continuity, crisis management and communications, and continuous improvement as five main areas for cyber preparation.

Also discussed in the Report is the role an internal audit function plays in cybersecurity. The Report notes that an internal audit function serves as an assurance provider and is critical in countering cyber-attacks.

Need further assistance with cybersecurity and internal audits? Cherry Bekaert’s Risk Advisory Services team is available to guide your organization forward.