Will risk rain on your move to the cloud?
Internal audit and the digital enterprise
Cloud computing has taken the business world by storm. And with it comes a potential deluge of risks. Here are a few issues internal audit (IA) should consider as it guides the risk conversation with IT and the business.
Confronting the challenges of cloud computing
Cloud computing presents a new frontier for many organizations—and for IA as well. When confronting the challenges of cloud computing, internal auditors may need to stretch beyond their traditional audit roles, adding greater value as they assist the organization in building the required control environment to mitigate risks associated with the cloud.
To help prevent surprises and ward off regulatory and compliance fines that may have a damaging impact on brand and reputation, IA can conduct a cloud readiness assessment of existing vendor procurement and contract processes to identify cloud control gaps. We also offer a comprehensive risk framework tool that can be developed and customized to help address specific issues that impact the organization.
Proactive steps for your consideration
Here are five proactive steps IA functions should consider as the organization adopts cloud computing initiatives:
- Engage stakeholders in informed discussions about the risk implications of cloud computing
- Review the current organizational risk framework based on cloud risks that have been identified
- Develop risk-mitigation strategies to help minimize the risks that accompany cloud computing
- Review and better understand the organization’s data governance program
- Evaluate potential cloud vendors from a risk perspective
Regulatory, Forensics & Compliance
We help clients navigate and resolve crisis, controversy, and transactions, advising them on strategies for facing these complex matters.
Governance, Risk & Compliance
Anticipating tomorrow's complex issues and new strategies is a challenge. Take the lead with Dbriefs—live webcasts that give you valuable insights on important developments affecting your business. Dbriefs offers live webcasts featuring practical knowledge from Deloitte specialists.
Life at Deloitte
People make Deloitte one of the best places to work. What’s great about the people? That’s an easy answer. They are exceptional. Each person is unique and valued for that, among the best and brightest in the business, and takes pride in his or her achievements and the success of others.