Internal audit’s role in balancing risk and reward in the cloud

Cloud: The New Normal

Today, Internal Audit is in a state of rapid transformation, thanks largely to cloud technologies.  IT is rapidly modernizing our data centers from virtualization to software defined data centers so as to build out increasingly sophisticated private clouds.  Inevitably, these too are connected to public clouds.  The net effect is that the perimeter of the audit’s control environment is increasingly virtual and hyper-extended.

No doubt the rise of cloud adoption has been phenomenal in the past few years and there are no signs of its slowing down.  What was once a niche solution for start-ups can now be found in information technology (IT) road maps and business strategies throughout the corporate world.  In other words, the corporate cloud is the new normal.

Read the full report here.

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