Agility, Continuous Monitoring, and Data Visualization are Transforming Internal Audit
SAN JOSE, Calif., July 13, 2021 – MetricStream, the global market leader in integrated risk management (IRM)and GRC, today announced the results of the 2021 MetricStream State of Internal Audit Survey. Compiled from the opinions of internal auditors that recently attended the MetricStream GRC Summit, key findings show that despite volatility of the risk landscape in the wake of the COVID-19 pandemic, most organizations still rely on manual tools and technologies for internal audit processes.
“Auditors don’t have time to sift through mountains of data to mine insights, especially considering how quickly the risk climate grows in complexity,” said Gaurav Kapoor, Chief Operating Officer and Co-Founder, MetricStream. “The pandemic has been a wake-up call for organizations around the world and demonstrated the need to rapidly elevate audit programs to be more agile, enable better assurance, and insights.”
The MetricStream State of Internal Audit Survey for 2021 is based on the responses obtained from internal auditors across multiple geographies and industries, including banking and financial services, government, telecom, technology, healthcare, energy and utilities, and others.
The key areas tackled in the survey were:
Key takeaways from the survey include the following:
The survey suggests organizations still need to adopt more advanced features to meet the requirements of today’s volatile and fast-paced business environment. By leveraging advanced technologies and integrated solutions, such as the MetricStream Internal Audit product built on the MetricStream Platform and powered by AWS Cloud, organizations can gain a holistic view into risks and make more strategic decisions about their business.
MetricStream is the global market leader of Integrated Risk Management and GRC solutions that empower organizations to thrive on risk by accelerating growth via risk-aware decisions. We connect governance, risk management and compliance across the extended enterprise to enable resilience and digital transformation. MetricStream is headquartered in San Jose, California, with an operations and R&D center in Bangalore, India, and sales and operations support around the globe. More information is available at www.metricstream.com, LinkedIn, Facebook and Twitter.