1. 2019 State of Technology Use by Auditors

The AuditNet® 2019 State of Technology Use by Auditors was launched in order to determine what tools audit departments are using, how the tools are being used, the level of use and where auditors see themselves on the Audit Utilization of Technology Optimization Scale (AUTOS). (The last survey was conducted in 2017 and we would like to measure the changes in the last 2 years). AuditNet® has been on the leading edge of the profession when it comes to encouraging auditors and audit departments to integrate the use of technology in their methodology. Surveys by other organizations recognize the added value that technology affords auditors and are reporting significant progress however want to see whether our survey will draw the same conclusions.  

Here are some of the key findings from other surveys on technology and internal audit:
According to the 2019 Global Risk, Internal Audit and Compliance Survey:

Many internal audit functions struggle to find the right fit for emerging technologies in their own work. More than half of internal audit respondents are either unsure of or do not plan to use AI within the next two years. Surprisingly, nearly as many do not plan to use RPA or do not know how they would use it.

Overall, the adoption of next-generation internal audit capabilities is in its early stage — The implementation of the governance mechanisms, methodologies and enabling technologies that comprise the next-generation internal audit model has so far occurred in a predominantly ad hoc manner.

The options available to CAE emphasize either hiring auditors with the technology skills to jump start implementation of technology initiatives which helps shorten the learning curve. Additionally providing staff with training for audit technology tools is a must.


The IIA Standards related to use of technology (1220.A2 – Leveraging Technology Resources) states that... in exercising due professional care, internal auditors must consider the use of technology-based audit and other data analysis techniques.

So if auditors are required to use technology, have access to this advanced technology and the benefits are clearly apparent why are auditors not higher on the Audit Utilization of Technology Optimization Scale? This survey will attempt to answer that question as well as others relating to the current state of technology usage by auditors.

Complete the survey and register for a free AuditNet® subscription and you will be entered in a drawing for a one year AuditNet® subscription. Already a subscriber? Share your email address and you will be eligible as well.  (Subscribers (not free or trial) can register and attend all our hosted Webinars and earn free CPE).

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* 1. Which industry do you work in?

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* 2. What is the size of your audit department?

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* 3. What generation category does your Chief Audit Executive fit in?

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* 4. Is your audit function able to respond to changing risks for your business including digital transformation initiatives?

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* 5. Can your audit function leverage enterprise data to conduct risk assessments, audit and continuous monitoring efficiently and effectively?

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* 6. Has your internal audit function updated the KSA's to address increased expectations from internal and external stakeholders?

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* 7. Does your audit function use advanced data analytics and technology using new methods and resources?

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* 8. Does your audit function rely on fixed point risk assessments (i.e not continuous)?

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* 9. In the past 2 years. has your audit function changed the way in which audits and reviews  are performed?

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* 10. What audit technology tools are currently available or do you plan to implement in your department?

  None Evaluating  and selecting vendors Not yet deployed Partially deployed Fully deployed Purchased - not used (Shelf-ware)
Audit Management Software (e.g. TeamMate, Refinitiv, IDEAGen, etc.)
Data Analytics (e.g., ACL, IDEA, Arbutus)
Robotic Process Automation (RPA), Artificial Intelligence (AI)
Agile Auditing or Combined Assurance
Continuous Risk Assessment and Controls Monitoring

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* 11. Please select from the following factors regarding decisions on integrating next generation audit technology in your process

  Extremely Important Important Not Very Important Not at all Important N/A
Software cost
Technology capabilities of our staff
Training costs and availability
CAE Support
Board/Senior Management Support

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* 12. Following are reasons cited for not using audit technology. Please indicate whether you agree or disagree with each reason.

  Agree Disagree Neutral Don't Know
The software costs too much(budget constraints)
Training costs too much
Audit management does not mandate it's use
Our audit department is too small
We can't find auditors with experience in using the software

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* 13. Please rank the biggest challenges you face when implementing new audit technology in your department?

  Insignificant Somewhat significant Significant Very significant N/A
Cost of Effort (software, training etc)
Effort required to maintain the technology
Effort required to support the technology
Management resistance to change
Staff resistance to change

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* 14. Does your audit department have a plan or strategy that addresses the following:

  Yes No I don't know
The need for automated support of data mining and analysis, continuous monitoring, and other technology-based activities
Defined technology skill sets, based on an individual knowledge skills and abilities (KSA) inventory identifying gaps
Detailed budget requirements to achieve technology-related goals
Defined benefits of technology investments and activities
Ways to measure the effectiveness of technology investments, processes, and activities

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* 15. AuditNet® has developed an Audit Utilization of Technology Optimization Scale (AUTOS) to measure the maturity level of the use of audit technology by auditors. How would you rate your department on the use of the following audit technologies?

  None - we do not use this technology Informal - use of this technology is on an ad hoc basis Intended - use of this technology is planned and deliberate Established - routine use of this technology for all audits Integrated - utilization of all the technologies are coordinated, monitored and evaluated
Audit Management Software (e.g. TeamMate, IDEAGen, Refinitiv)
Continuous Risk Assessment or Controls Monitoring
Data Analytics (e.g., ACL, Arbutus, IDEA)
Agile Auditing and/or Combined Assurance 
Robotic Process Automation (RPA) and/or Artificial Intelligence (AI)

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* 16. In terms of the Audit Use of Technology Optimization Scale (AUTOS) where would you rank the maturity level of your internal audit department

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* 17. What factors do you see as having the biggest influence on making a paradigm shift to a higher level (towards Integration) on the AUTOS?

  Not important Slightly important Moderately important Highly important N/A
Leadership - greater commitment on the part of the CAE to embrace technology
Planning - having a clearly defined plan setting out realistic goals to move forward
Financial resources - Greater investment in audit technology and a commitment by the organization to fund it
Human resources - Hiring the right auditors with technology experience
Training - ensuring that all staff receive training (internal and external)
Vendor - One stop solution - Incorporating all the audit software tools within a single compatible suite
Infrastructure changes within the organization that will allow new technology integration
Compensation incentives rewarding innovative use of technology

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* 18. In your opinion what is the single factor above all others that you see as impacting a paradigm shift in auditors integrating next generation audit technology?

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* 19. How do you access AuditNet?

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* 20. Did you know that subscribers (full) and site license users can register and attend AuditNet hosted Webinars and earn free CPE?

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* 21. How likely is it that you would recommend AuditNet to a friend or colleague?

Not at all likely
Extremely likely

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