Given the rapid evolution of technology, the internal auditor of today finds themselves facing many unknowns as it relates to their roles and responsibilities, unknowns that are primarily attributed to the troves of data that is readily available in the enterprise. Add the fact that the information can be located in various silos depending on the line of business, and things start to get even more complicated.
On the flip side, this can also be seen as a significant opportunity for internal audit to tap into the information, analyze and make sense of it, and use it to the business’s benefit. Simply put, it’s a blessing and a curse for internal auditors, according to Jason Rohlf, vice president of solutions at Onspring. But with the emergence of technology such as machine learning, Rohlf believes it’s only a matter of time before future internal auditors can streamline how they tackle massive sets of data.
“[I Internal Audit] there’s a very high premium placed on continuous and on-going education,” Rohlf told Internal Audit Insights in a recent video interview. He believes that taking advantage of the fact that it’s a profession where more education is encouraged puts future auditors at an advantage when it comes to learning more about emerging technology that could benefit their role within the business.
In the full interview below, Rohlf discusses how technology has impacted the internal auditor of today, but also offers tips on how auditors can stay ahead of the curve, rather than play catchup.