Question

Increased use of big data by organizations is causing internal audit functions:

a) To increase recruiting of IT specialists
b) To abandon the CISA certification
c) To stop using cloud computing
d) To increase their focus on debits and credits

Answer 1

Internal audit functions are increasingly recruiting IT specialists in response to the challenges posed by big data, aiming to prevent costly data breaches and enhance data security, rather than abandoning certifications or halting cloud computing usage.

Step-by-step explanation:

The question revolves around the impact of big data on internal audit functions within organizations. With the escalating complexity and volume of data, internal audit functions are increasingly recruiting IT specialists who can handle sophisticated analytics and data management tasks. This trend is due to the heightened need to safeguard against data breaches which have become a costly risk for businesses, leading to financial theft, identity theft, and other security issues.

A notable example includes the massive data breach at Target in 2013, which demonstrates the crucial role of accurate data analysis and response in preventing financial and reputational damage. Instead of abandoning certifications like the CISA or stopping the use of cloud computing, internal audit functions are reinforcing their IT capabilities to handle the challenges posed by big data, which does not necessarily involve an increased focus on debits and credits.