Explores big data, structured and unstructured data, regulations, and best practices.
While the concept of risk related to data ethics is relatively new, CAEs predict that its relevance will grow rapidly over the next five years. Financial services is often on the cutting edge of technological development, so internal auditors in this industry should be aware of data governance best practices, the risks associated with failing to establish proper data governance, and the potential reputational and financial damages resulting from failed data governance.