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Page: AuditNet® Survey - 2012 State of Technology Use by Auditors
1. Which industry do you work in?
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 Response
Percent
Response
Count
Accounting
7.1%115
Banking
10.8%173
Education
6.6%106
Energy (Oil and Gas, Electric)
5.6%90
Financial Services
11.0%177
Government
26.9%433
Healthcare
9.8%158
Hospitality
2.1%33
Retail
4.3%69
Service
12.9%207
Other
3.0%48
Other (please specify)
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2. What is the size of your audit department?
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 Response
Percent
Response
Count
I am a 1 person department
14.1%227
2-5 auditors
31.6%509
5-9 auditors
20.9%337
10-20 auditors
14.6%235
21-50 auditors
9.6%154
Over 50 auditors
9.1%147

3. What audit technology tools are currently available or do you plan to implement in your department?
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 NoneEvaluating vendorsSelecting vendorsPurchasedNot yet deployedPartially deployedFully deployedPurchased - not used (Shelf-ware)Rating
Count
Audit & Resource Scheduling61.6% (905)3.7% (54)1.2% (18)2.9% (43)3.7% (54)7.8% (115)17.2% (252)1.9% (28)1,469
Audit Management Software (e.g. TeamMate, Pentana)49.5% (754)5.5% (84)1.5% (23)4.1% (62)2.8% (43)8.5% (129)26.8% (408)1.4% (21)1,524
Automated Issues Tracking, Follow-Up & Reporting49.1% (734)4.8% (72)1.3% (20)3.2% (48)5.1% (76)9.8% (147)25.0% (374)1.6% (24)1,495
Continuous Controls Monitoring68.4% (1,006)3.9% (57)1.2% (17)2.4% (36)6.1% (90)8.7% (128)9.0% (132)0.3% (4)1,470
Data Analytics (e.g., ACL, IDEA)33.7% (518)4.7% (72)1.6% (24)6.7% (103)2.5% (39)16.1% (247)33.0% (508)1.8% (27)1,538
Electronic Working Papers (e.g. TeamMate, ACL Workpapers)41.5% (633)6.1% (93)1.8% (28)4.5% (69)3.0% (46)7.1% (109)34.8% (531)1.0% (16)1,525
Fraud Detection and Prevention68.9% (1,021)3.4% (50)0.9% (13)1.6% (24)3.8% (56)9.4% (139)11.6% (172)0.5% (7)1,482
Governance Risk and Compliance66.1% (982)4.4% (65)1.0% (15)1.9% (28)4.2% (63)9.8% (145)12.0% (178)0.7% (10)1,486
Risk Assessment56.5% (843)4.9% (73)1.3% (19)2.6% (39)4.4% (66)9.8% (146)19.6% (292)1.0% (15)1,493

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1. When it comes to technology, which statement best describes your internal audit skill set?
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 Response
Percent
Response
Count
Few of our auditors are proficient with our audit technology
27.7%298
Some of our auditors are proficient with our audit technology
31.4%337
Most of our auditors are proficient with our audit technology
23.9%257
All of our auditors are proficient with our audit technology
16.9%182

2. Which best describes your department's technology training for new hires?
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 Response
Percent
Response
Count
Formal instructor-led training provided by outside party
7.5%81
Formal training by existing members of the department
18.9%203
“On-the-job” training
67.0%720
I don't know
6.5%70
Other (please specify)
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3. Which best describes your department's technology training for current staff?
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 Response
Percent
Response
Count
Formal instructor-led training provided by outside party
18.2%196
Formal training by existing members of the department
13.5%145
“On-the-job” training
64.2%689
I don't know
4.1%44
Other (please specify)
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4. Does your audit department maintain an inventory of your audit technology tools?
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 Response
Percent
Response
Count
Yes
35.2%378
No
48.4%520
I'm not sure
12.5%134
I don't know
3.9%42

5. If yes have you created a matrix linking the tools with the internal audit activities they support?
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 Response
Percent
Response
Count
Yes
12.1%101
No
69.4%579
I don't know
18.5%154

6. Has your audit department performed an assessment of the current use of technology by the internal audit activity?
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 Response
Percent
Response
Count
Yes
20.9%224
No
63.2%679
Maybe
6.7%72
I don’t know
9.2%99

7. 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?
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 None - we do not use this technologyInformal - use of this technology is on an ad hoc basisIntended - use of this technology is planned and deliberateEstablished - routine use of this technology for all auditsIntegrated - utilization of all the technologies are coordinated, monitored and evaluatedRating
Average
Rating
Count
Audit & Resource Scheduling61.6% (648)13.0% (137)7.5% (79)12.7% (134)5.1% (54)1.871,052
Audit Management Software (e.g. TeamMate, Pentana)54.4% (576)4.7% (50)10.1% (107)20.4% (216)10.4% (110)2.281,059
Automated Issues Tracking, Follow-Up & Reporting48.4% (508)10.6% (111)11.4% (120)20.6% (216)9.0% (95)2.311,050
Continuous Controls Monitoring68.7% (712)11.9% (123)9.6% (99)6.7% (69)3.2% (33)1.641,036
Data Analytics (e.g., ACL, IDEA)37.7% (399)21.3% (225)14.9% (158)21.1% (223)5.0% (53)2.341,058
Electronic Working Papers (e.g. TeamMate, ACL Workpapers)46.7% (492)5.3% (56)9.5% (100)24.6% (259)13.9% (147)2.541,054
Fraud Detection and Prevention69.7% (726)12.0% (125)8.8% (92)6.7% (70)2.8% (29)1.611,042
Governance Risk and Compliance68.8% (715)10.7% (111)8.8% (91)8.2% (85)3.6% (37)1.671,039
Risk Assessment56.5% (589)13.1% (137)10.9% (114)13.2% (138)6.2% (65)2.001,043

8. What is your satisfaction with the following audit technology that your department has implemented?
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 Not satisfiedSomewhat satisfiedModerately satisfiedCompletely satisfiedN/ARating
Average
Rating
Count
Audit & Resource Scheduling12.6% (131)10.4% (108)13.1% (137)10.3% (107)53.7% (560)2.461,043
Audit Management Software12.2% (128)8.1% (85)16.7% (175)14.4% (151)48.7% (511)2.651,050
Automated Issues Tracking, Follow-Up & Reporting13.9% (145)9.8% (102)19.1% (199)12.5% (131)44.7% (467)2.551,044
Continuous Controls Monitoring16.7% (173)8.5% (88)8.3% (86)6.4% (66)60.1% (621)2.111,034
Data Analytics (e.g., ACL, IDEA)12.8% (135)14.2% (150)20.2% (214)19.8% (209)33.0% (349)2.701,057
Electronic Working Papers11.1% (116)8.1% (85)20.5% (215)18.9% (198)41.4% (434)2.811,048
Fraud detection and prevention15.7% (163)7.6% (79)9.8% (101)6.0% (62)60.9% (630)2.151,035
Governance Risk and Compliance (GRC)15.2% (156)8.5% (87)8.4% (86)7.0% (72)60.9% (625)2.181,026
Microsoft Office (Word, Access, Excel)5.4% (57)7.3% (76)22.9% (240)35.9% (375)28.5% (298)3.251,046
Risk Assessment13.0% (135)9.8% (102)17.5% (182)10.0% (104)49.6% (515)2.491,038

9. How satisfied are you with the extent to which your internal audit function is leveraging the following audit technology tools?
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 Not satisfiedSomewhat satisfiedModerately satisfiedCompletely satisfiedN/ARating
Average
Rating
Count
Audit & Resource Scheduling21.4% (225)10.8% (113)12.1% (127)10.4% (109)45.3% (475)2.211,049
Audit Management Software (e.g. TeamMate, Pentana)18.2% (193)9.7% (103)16.8% (178)13.2% (140)42.0% (445)2.431,059
Automated Issues Tracking, Follow-Up & Reporting21.3% (223)11.0% (115)17.3% (182)13.2% (138)37.3% (391)2.361,049
Continuous Controls Monitoring27.0% (280)8.0% (83)9.3% (97)5.5% (57)50.2% (521)1.871,038
Data Analytics (e.g., ACL, IDEA)24.5% (260)16.9% (179)18.7% (198)12.6% (134)27.3% (289)2.271,060
Electronic Working Papers (e.g. TeamMate, ACL Workpapers)18.1% (191)8.7% (92)18.4% (194)18.3% (193)36.4% (384)2.581,054
Fraud Detection and Prevention26.7% (277)7.8% (81)9.6% (100)5.2% (54)50.7% (527)1.871,039
Governance Risk and Compliance23.1% (240)10.0% (104)8.8% (92)5.9% (61)52.3% (544)1.951,041
Risk Assessment23.4% (243)11.7% (121)14.4% (149)8.4% (87)42.1% (437)2.131,037

10. Following are reasons cited for not using audit technology. Please indicate whether you agree or disagree with each reason.
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 AgreeDisagreeNeutralDon't KnowRating
Count
The software costs too much(budget constraints)56.8% (608)17.8% (190)19.0% (203)6.4% (69)1,070
We do not have a budget for audit software training49.6% (529)25.9% (276)17.4% (186)7.0% (75)1,066
The training times and locations are not convenient26.2% (279)32.9% (350)28.5% (303)12.4% (132)1,064
The training costs too much47.0% (502)22.8% (243)19.3% (206)10.9% (116)1,067
The annual support costs too much42.6% (453)24.0% (255)21.8% (232)11.7% (124)1,064
Audit management does not mandate it's use42.3% (449)31.6% (336)20.2% (214)5.9% (63)1,062
We don’t understand how it can help19.5% (207)56.8% (602)17.6% (186)6.0% (64)1,059
The software is too complex (steep learning curve)21.9% (232)46.4% (491)23.0% (243)8.7% (92)1,058
Management does not want to use it23.6% (250)45.2% (478)21.1% (223)10.1% (107)1,058
Staff does not want to use it14.8% (156)56.7% (599)21.2% (224)7.4% (78)1,057
Our audit department is too small32.7% (346)45.7% (484)17.5% (185)4.2% (44)1,059
It is not a required part of the audit planning process35.3% (374)39.2% (415)20.2% (214)5.2% (55)1,058
We have technology platform incompatibilities18.0% (191)48.3% (511)19.4% (205)14.4% (152)1,059
There are organizational roadblocks41.6% (440)32.2% (340)18.1% (191)8.1% (86)1,057
We can't find auditors with experience in using the software16.2% (171)48.6% (514)23.7% (251)11.5% (122)1,058

11. Please select from the following factors regarding decisions on integrating technology in your audit process
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 Extremely ImportantImportantNot Very ImportantNot at all ImportantN/ARating
Average
Rating
Count
Software cost50.3% (536)40.8% (435)4.0% (43)0.8% (8)4.1% (44)3.471,066
Technology capabilities of our staff24.7% (263)52.9% (563)15.9% (169)2.4% (26)4.0% (43)3.041,064
Training availability22.4% (238)55.3% (587)16.5% (175)1.4% (15)4.3% (46)3.031,061
Training costs36.6% (389)47.2% (502)10.8% (115)1.3% (14)4.0% (43)3.241,063
Staff retention (Retaining trained staff)19.3% (204)45.8% (485)22.2% (235)5.2% (55)7.6% (80)2.861,059
Making the audit process more efficient57.3% (610)36.1% (384)2.3% (24)0.7% (7)3.7% (39)3.561,064
Finding fraud34.5% (367)47.3% (504)11.1% (118)2.2% (23)5.0% (53)3.201,065
Audit Committee (Board support27.5% (293)37.3% (397)19.0% (202)5.0% (53)11.3% (120)2.981,065
Senior Management support37.4% (398)40.6% (432)13.1% (140)2.8% (30)6.1% (65)3.201,065
CAE support41.8% (445)35.9% (382)7.0% (75)2.1% (22)13.2% (140)3.351,064
Requires adjusting our audit work programs17.5% (186)34.4% (366)30.3% (322)10.6% (113)7.2% (77)2.631,064

12. Please rank the biggest challenges you face when implementing new audit technology in your department?
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 InsignificantSomewhat significantSignificantVery significantN/ARating
Average
Rating
Count
Cost of Effort3.7% (40)18.7% (200)33.2% (355)37.0% (395)7.3% (78)3.121,068
Time to Deploy4.8% (51)22.3% (238)40.0% (426)25.0% (267)7.9% (84)2.931,066
Training cost6.2% (66)23.1% (247)37.1% (396)26.3% (281)7.2% (77)2.901,067
Cost of the seat license5.3% (56)22.9% (243)32.4% (344)31.9% (339)7.6% (81)2.981,063
Cost of the annual maintenance6.6% (70)24.6% (261)32.8% (349)28.9% (307)7.1% (76)2.901,063
Effort required to maintain the technology6.6% (70)24.1% (257)39.3% (419)23.1% (246)6.9% (74)2.851,066
Effort required to support the technology6.9% (73)22.8% (240)39.9% (421)23.9% (252)6.5% (68)2.861,054
Other (please specify)
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13. Does your audit department have a plan or strategy that addresses the following:
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 YesNoI don't knowRating
Count
The need for automated support of data mining and analysis, continuous monitoring, and other technology-based activities42.7% (457)45.2% (484)12.1% (129)1,070
Defined technology skill sets, based on an individual knowledge skills and abilities (KSA) inventory identifying gaps30.9% (331)53.6% (573)15.5% (166)1,070
Detailed budget requirements to achieve technology-related goals26.4% (281)57.7% (614)16.0% (170)1,065
Defined benefits of technology investments and activities23.6% (250)59.7% (632)16.7% (177)1,059
Ways to measure the effectiveness of technology investments, processes, and activities21.3% (227)61.9% (659)16.7% (178)1,064

14. 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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Percent
Response
Count
Level 0 None - audit department is assessing needs but can't decide on whether audit technology will benefit the organization.
18.3%197
Level 1 Informal - ad hoc use. Few if any staff and financial resources are dedicated to audit technology. Success is based on the competence and efforts of one or two champions.
36.1%388
Level 2 Intended - Audit technology use is planned and deliberate as opposed to being performed on a reactive or “as needed” basis. Resources are allocated to the practice, responsibilities are assigned, and the process is managed.
23.3%250
Level 3 Established - Audit technology use is routine and part of the organization’s “fabric.”
18.4%198
Level 4 Integrated - Audit technology use is evaluated and analyzed. Measures of performance and progress are collected and analyzed.
3.8%41

15. What factors do you see as having the biggest influence on making a paradigm shift to a higher level (towards Integration) on the AUTOS?
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 Not importantSlightly importantModerately importantHighly importantN/ARating
Average
Rating
Count
Leadership - greater commitment on the part of the CAE to embrace technology4.5% (48)7.9% (84)19.2% (205)59.8% (637)8.6% (92)3.471,066
Planning - having a clearly defined plan setting out realistic goals to move forward2.3% (25)8.2% (87)29.2% (311)54.4% (580)5.9% (63)3.441,066
Financial resources - Greater investment in audit technology and a commitment by the organization to fund it1.8% (19)6.6% (70)23.5% (250)63.1% (672)5.1% (54)3.561,065
Human resources - Hiring the right auditors with technology experience6.1% (65)20.3% (216)36.8% (391)28.8% (306)8.0% (85)2.961,063
Training - ensuring that all staff receive training (internal and external)1.9% (20)10.1% (107)33.7% (357)48.8% (516)5.5% (58)3.371,058
Vendor - One stop solution - Incorporating all the audit software tools within a single compatible suite11.4% (121)23.8% (252)29.2% (310)27.8% (295)7.8% (83)2.801,061
Infrastructure changes within the organization that will allow new technology integration9.1% (96)20.1% (212)29.2% (308)33.0% (348)8.7% (92)2.941,056
Compensation incentives rewarding innovative use of technology26.2% (277)22.1% (234)22.5% (238)16.2% (171)13.0% (137)2.331,057
Other (please specify)
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16. In your opinion what is the one factor above all others that you see as impacting a paradigm shift in auditors integrating audit technology in their audit function?
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