Internal auditors have compelling reasons to help improve their organization’s enterprise data governance strategy.
”Internal audit maintains a twofold relationship with data governance. First, internal audit is a data governance stakeholder. The efficacy of the function’s assurance-related work hinges on its ability to access data, identify who uses and oversees it, distinguish its value, trust its quality, and understand how data is managed throughout its life cycle.
Second, internal audit possesses the expertise and organizational knowledge needed to promote the broader strategic value of data governance. Its point of view extends beyond whether access to data is being appropriately restricted and controlled to also examining whether the business is extracting the maximum value from its data assets. In many cases, audit teams have actively contributed to these multistakeholder improvement efforts.”