Information Technology has potential business risks that need to be identified and
monitored on a regular basis. Changing technology, rising business threats with new
business processes have been introduced into the system which poses a serious challenge
to the companies to continuously innovate and keep themselves abreast of the new
technologies and skills by complying to the legal and regulatory framework. This becomes
a huge deterrent when companies lack the required technical expertise, skilled manpower
and time required for ensuring a safe and effective IT audits process.