Institute of internal auditors of NP

History

2018: More than a half of financial institutions in Russia do not apply specialized software to audit

The Institute of Internal Auditors association and KPMG company studied application by financial institutions of Russia of a specialized software for the purposes of internal audit 2018. More than a half of respondents (58%) noted that they do not use specialized software. In every fifth Service of Internal Audit (SIA) from the total number of respondents it is set to software of own development, another 21% use the software products offered in the market.

At the same time 73% of the respondents who are not using for poll specialized software for VA are not going it to implement in the nearest future, 18% have such plans.

Automation of activity of services of internal audit, including implementation of separate IT solutions on processing and data analysis, on the one hand, increases efficiency and effectiveness of work of internal auditors, and with another — allows to distribute with higher quality efforts to really important areas of checks. Use of IT tools directly promotes increase in level of the provided guarantees and a covering of bigger number of business processes by checks — Elena Hobotova, the head of group on rendering services in the field of internal audit of KPMG in Russia and the CIS noted.

SVA apply specialized software most often for the purposes of monitoring of process of remedial action based on audit (74%) and also to storage of working papers and planning of audits (58%) (diagram 34).

Implementations of the annual plan of audit, according to respondents, stir, first of all, long process of providing information/documents on requests of internal audit, approval of notes and recommendations of SVA from the checked divisions (47% specified that such problem arises very often), insufficient extent of automation of internal audit (is "frequent" — 37% of respondents) and derivation of personnel on other projects, except ad-hoc (is "frequent" — 37% of respondents).

Credit institutions, insurance companies, non-state pension funds, the leasing companies and financial groups were a part of respondents.^[1]

Notes