Information Technology has potential business risks that need to be identified and monitored on a regular basis. Changing technology, rising business threats with new business processes have been introduced into the system which pose a serious challenge to the companies to continuously innovate and keep themselves abreast of the new technologies and skills by complying to the legal and regulatory framework. This becomes a huge deterrent when companies lack the required technical expertise, skilled manpower and time required for ensuring a safe and effective IT audit process. |