How can Internal Audit provide value to organizations moving to the cloud?
Level : Advanced
How can Internal Audit provide value to organizations moving to the cloud? Many organizations have embarked on their cloud implementation journey as the business case becomes more enticing, but there are key considerations to ensure that full benefits are realized and security and availability of data and systems are maintained. An independent assessment by Internal Audit (IA) can determine if the intended benefits are likely to be realized, and if planned ongoing oversight and management is sufficient.
Natalie Lalonde, Chief Audit and Evaluation Executive at Treasury Board of Canada Secretariat, working with Tanya Kolos, Senior Manager at EY have performed the first IA assessment of the Government of Canada’s move of significant infrastructure to the cloud, and have identified key areas for internal audit teams to consider as they work towards their implementation. Join Natalie and Tanya as they discuss the value internal auditors can bring to the organization’s cloud journey, covering:
- Lessons learned from the Internal Audit assessment of the Government of Canada cloud implementation journey
- Key risks to consider for the end-to-end cloud solution
- A cloud assessment toolkit that IA can leverage to scope their own assessments
This presentation will be particularly valuable to GoC IA teams, however the concepts and tools are equally applicable to any IA team considering the impact of a move to the cloud.