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The application governance model and its review by internal auditor would help in assessing potential risk from

internal control standpoints.
Conclusion

The modern auditor is expected to be tech savvy, yet auditor may not be the experts on all the new technologies
deployed by the organizations due to its size, scale and complexity, however meticulous audit planning and

execution could help in identifying missing links across applications, application governance and data security
aspects and suggest remedial measures which require attention of the Audit Committee and senior

management.
The internal auditor should rapidly adopt digital auditing mindset and embrace change to be more efficient,
effective, and relevant to meet expectations of all the stakeholders and help in enhancing corporate governance

standards in the organizations. In nutshell, technology matters, but mind shift matters the most.

Author: Mukesh Gupta, Chartered Accountant, Certified Internal Auditor, Certified Information System Auditor
and Certified Fraud Examiners with 20 years of post- qualification experience in Internal Audit, Risk management,
SOX, FCPA, process improvements and financial transformation.

Note: The view expressed in this article are personal.
You can reach out to me at mukesh_gupta1977@yahoo.co.in

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