IT Audit is an essential function of any organization’s governance, risk management and compliance framework. IT Audit provides independent assurance to the management team and the board of directors that the  organization’s operations, internal controls, and risk management processes are effective and efficient. An internal audit also helps identify areas for improvement and opportunities for cost savings, leading to increased profitability and better decision-making. In the case of companies operating in the digital landscape internal audit plays an even more critical role, given the ever-evolving nature of technology, security threats, and compliance requirements. The internal audit team will need to be proficient in a broad range of areas, including data security, project management, vendor management, and IT infrastructure, to ensure the company’s continued success and growth in the digital space. 

To perform an audit should contact the parties under consideration to gather basic documentation focusing on people, processes, and technology directly related to the product or service the organization is seeking. Categories of information gathered for audit might include: