As audit institutions are increasingly expected to evaluate and audit the risks related to new technologies, it is becoming vital for every public-sector auditor to have basic IT knowledge – they must understand IT-related risks and use different IT tools for auditing. Furthermore, in this dynamic environment, IT auditors are expected to be the experts who empower their institutions with a thorough understanding of IT security and operations. These developments are relevant for all audit types. For example, as financial auditing requires giving an assessment of the integrity and level of protection of financial assets stored today mainly in IT systems, specific IT expertise (e.g. application controls, IT security measures, IT-Grundschutz and ISO 27000 series) need to be developed.
To enhance SAIs’ impact, the Moscow declaration encourages SAIs to nurture the auditors of the future who can employ data analytics, artificial intelligence tools, and advanced qualitative methods as well as enhance innovation and act as strategic players, knowledge exchangers, and producers of foresight.
Research and Training Hub focuses on capacity building of SAI's in the field of IT auditing. It relies on the cooperation between ITWG experts for research and comparison of IT auditing tools and methodologies in different guidelines and practices.
Estonian National Audit Office
Mr Alvar Nõuakas