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Top risks auditors should cover in their 2022 audit plans
2021-11-15 04:30

Ransomware and the long-term effects of COVID-19 on markets and organizations are key items to cover in 2022 audit plans, according to a Gartner report.

The report also identified evolving societal expectations for enterprises, such as environmental, social and governance risks, and operational resilience as top risk areas for 2022.

"Ransomware attacks have become increasingly prevalent and sophisticated," said Zachary Ginsburg, research director for the Gartner Audit and Risk practice at Gartner.

Audit concerns about other digital and IT risks, such as data and analytics and IT governance, also reflect the increased importance of digital capabilities in the wake of COVID-19, and the need for rigorous assurance over associated risks.

Although ransomware should be a key concern for auditors in 2022, there are a lot of pressing risks covered within the 12 hot spots that must not be left unaddressed.

"2022 looks like a year that will feature an especially diverse array of unpredictable and highly impactful risks. Audit will need increase its capacity to assess such risks and provide related assurance over them to keep up with a highly turbulent risk landscape," said Ginsburg.


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