Q1 Which of the following sectors do you work in? Answered: 412 Skipped: 2 Professional, Educational,... Public Accounting Energy. Utilities,... Finance, Insurance Government, Nonprofit Wholesale, Retail Healthcare Hospitality Manufacturing Professional, Educational, Technical Services Public Accounting Energy. Utilities, Transportation Finance, Insurance Government, Nonprofit Wholesale, Retail Healthcare Hospitality Manufacturing 8.50% 35 6.07% 25 7.52% 31 21.36% 88 24.03% 99 1.94% 8 5.58% 23 0.97% 4 9.71% 40 14.32% 59 Total 412 1 / 29
Q2 A recent PwC report shows that only 40 percent of chief audit executives considered that internal audit was leveraging technology well.do you feel that there is an audit technology gap in your organization or department? Answered: 404 Skipped: 10 Yes No Yes No 71.53% 289 20.79% 84 8.42% 34 Total Respondents: 404 2 / 29
Q3 Does your department identify audit technology training needs when developing the audit plan? Answered: 409 Skipped: 5 Yes No Yes No 47.43% 194 42.05% 172 10.51% 43 Total 409 3 / 29
Q4 Who is responsible for identifying audit technology training needs and courses? Answered: 411 Skipped: 3 CAE Direct Supervison Individual (auditor) CAE Direct Supervison Individual (auditor) 29.93% 123 24.57% 101 28.71% 118 6.57% 27 10.22% 42 Total 411 4 / 29
Q5 Who chooses the courses for audit technology training? Answered: 409 Skipped: 5 I choose the courses myself My supervisor and I... My supervisor chooses the... Our training coordinator... I choose the courses myself My supervisor and I coordinate the course selection My supervisor chooses the courses Our training coordinator chooses the courses 38.14% 156 37.65% 154 7.82% 32 7.58% 31 8.80% 36 Total 409 5 / 29
Q6 Is audit technology training aligned with audit projects included in the annual audit plan? Answered: 405 Skipped: 9 Yes No Yes No 44.69% 181 40.99% 166 14.32% 58 Total 405 6 / 29
Q7 Are audit technology training gaps identified during annual performance evaluations? Answered: 406 Skipped: 8 Yes No Yes No 47.04% 191 41.63% 169 11.33% 46 Total 406 7 / 29
Q8 Does your department maintain a log of audit technology training provided to staff? Answered: 410 Skipped: 4 Yes as part of overall... Yes but only related to... No Yes as part of overall training schedule Yes but only related to technology training No 47.56% 195 5.61% 23 34.88% 143 9.02% 37 2.93% 12 Total 410 8 / 29
Q9 Does your company provide audit technology training to all audit staff? Answered: 409 Skipped: 5 Technology training was... Technology training was... Technology training was... Technology training was... Technology training was provided to specified employees for specific technology Technology training was provided equally to all employees Technology training was only provided to those employees seeking the training Technology training was not provided 32.27% 132 19.07% 78 25.43% 104 21.76% 89 6.36% 26 Total Respondents: 409 9 / 29
Q10 What are the reasons for not providing audit technology training? Answered: 396 Skipped: 18 Training funds are inadequa... Training is a low priority... Audit technology... We don't have the technolo... We don't have the talent... Training funds are inadequate or non-existent Training is a low priority due to staffing constraints Audit technology training is not a CAE priority We don't have the technology (software) We don't have the talent interested in audit technology 33.59% 133 15.40% 61 11.62% 46 16.41% 65 9.60% 38 22.47% 89 15.91% 63 Total Respondents: 396 10 / 29
Q11 What is the primary reason for providing training for the audit staff? Answered: 410 Skipped: 4 Earn CPE towards a... Knowledge for an upcoming... Improving the KSA of the... Career development Earn CPE towards a Certification (CPA, CIA, CISA etc) Knowledge for an upcoming audit project Improving the KSA of the auditor Career development 30.49% 125 21.46% 88 21.71% 89 20.00% 82 6.34% 26 Total 410 11 / 29
Q12 Does your employer provide technology training on emerging technology including the use of data analytics or continuous audit? Answered: 411 Skipped: 3 Yes No Yes No 41.12% 169 52.80% 217 6.08% 25 Total 411 12 / 29
Q13 Which model of technology training does your department deploy (please select one or more of the models defined in the introductions to the survey): Answered: 407 Skipped: 7 Content centric (jus... Learner Centric (jus... Business Centric (jus... Competency Based None of the above All of the above Content centric (just in case) Learner Centric (just in time) Business Centric (just for me) Competency Based None of the above All of the above 16.71% 68 13.76% 56 13.76% 56 13.51% 55 12.53% 51 14.99% 61 11.79% 48 2.95% 12 Total 407 13 / 29
Q14 When is audit technology training provided? Answered: 404 Skipped: 10 As soon as I need it for... 1 month before I need to it 2-3 months before I nee... 4-6 months before I nee... More than 6 months befor... No technology training is... As soon as I need it for my project 1 month before I need to it 2-3 months before I need it 4-6 months before I need it More than 6 months before I need it. No technology training is provided 24.50% 99 4.70% 19 11.63% 47 6.44% 26 9.16% 37 23.27% 94 20.30% 82 Total 404 14 / 29
Q15 When I take audit technology training I put the training to use: Answered: 408 Skipped: 6 Immediately Only when there is an... For every audit that I... Never Immediately Only when there is an opportunity to apply the training to an audit For every audit that I am assigned Never 17.89% 73 60.78% 248 17.40% 71 5.15% 21 5.39% 22 Total Respondents: 408 15 / 29
Q16 We know that much of the knowledge and skills learned on a training event is lost very quickly unless it is put into use straightaway on a day-to-day basis. If the training is not used right away what techniques are employed to reinforce the learning Answered: 406 Skipped: 8 Share the learning wit... Video learning Review of material Schedule another... Share the learning with the staff in an in house training session Video learning Review of material Schedule another training session on the same topic 36.70% 149 10.84% 44 56.90% 231 9.36% 38 8.87% 36 Total Respondents: 406 16 / 29
Q17 What training methods are used (check all that apply). Answered: 407 Skipped: 7 Professional Association... Training or User... elearning (Computer Ba... Formal Instructor l... Formal instructor l... Live Webinars Self-study Structured Courses On-the-job training Professional Association Conferences (IIA, ISACA, AICPA) Training or User Conferences (Third Party) elearning (Computer Based Training) Formal Instructor led through live training (in house) Formal instructor led by a contracted vendor away from the office Live Webinars Self-study Structured Courses On-the-job training 63.39% 258 45.45% 185 59.71% 243 31.94% 130 19.66% 80 58.97% 240 61.67% 251 14.00% 57 53.07% 216 3.19% 13 Total Respondents: 407 17 / 29
Q18 Which training providers do you use for audit technology training? Answered: 406 Skipped: 8 Professional Association... Training or User... elearning (Computer Ba... Formal Instructor l... Formal instructor l... Live Webinars Self-study Structured Courses On-the-job training Professional Association Conferences (IIA, ISACA, AICPA) Training or User Conferences (Third Party) elearning (Computer Based Training) Formal Instructor led through live training (in house) Formal instructor led by a contracted vendor away from the office Live Webinars Self-study Structured Courses On-the-job training 58.37% 237 40.89% 166 45.81% 186 25.12% 102 17.49% 71 55.17% 224 47.04% 191 11.08% 45 33.99% 138 4.19% 17 Total Respondents: 406 18 / 29
Q19 What type of feedback does your department require from the individual(s) who received the training? Answered: 401 Skipped: 13 Sharing knowledge wi... Evaluation of the training... No feedback required Sharing knowledge with the entire staff in an in-house training session Evaluation of the training and adding the training material to the audit library No feedback required 38.40% 154 29.43% 118 41.65% 167 5.99% 24 Total Respondents: 401 19 / 29
Q20 What types of technology training have you received? Answered: 402 Skipped: 12 Data analytics Risk management Audit management... IT audit Data analytics Risk management Audit management software IT audit 64.93% 261 48.76% 196 35.32% 142 41.04% 165 10.20% 41 Total Respondents: 402 20 / 29
Q21 Please evaluate your current audit technology usage based on your annual focus over the last 3 years in % form. Answered: 402 Skipped: 12 Data Analysis and Mining Continuous Audit Audit Reporting an... Audit Execution an... Risk 21 / 29
Assessment a... Novice 0-5% Beginner 5-10% Intermediate 10-25% Experienced Over 25% Novice 0-5% Beginner 5-10% Intermediate 10-25% Experienced Over 25% Total Data Analysis and Mining 23.31% 93 30.83% 123 28.82% 115 17.04% 68 399 Continuous Audit 34.34% 136 26.77% 106 25.00% 99 13.89% 55 396 Audit Reporting and Issue Tracking 14.72% 58 19.29% 76 27.66% 109 38.32% 151 394 Audit Execution and Documentation 12.34% 49 15.62% 62 26.20% 104 45.84% 182 397 Risk Assessment and Monitoring 18.00% 72 20.50% 82 31.25% 125 30.25% 121 400 22 / 29
Q22 The use of data analytics is consistently identified as a key skill for auditors. Please indicate if you agree or disagree or no opinion or does not apply on the following statements regarding the use of data analytics in your department. Answered: 403 Skipped: 11 Data analytics is considere... Data analytics is partially... Data analytics is fully... Data analytics is... Data analytics is... We have no strategy for... Data analytics helps me on... I receive the right amount... I receive too little data... I have no need for data... The data analytics... Free videos on the use of d... I have no time for analytic... 0 1 2 3 4 5 6 7 8 9 10 Agree Disagree No Opinion Does Not Apply Total Weighted Average Data analytics is considered an add-on to the audit process 57.61% 231 26.68% 107 9.98% 40 5.74% 23 401 1.64 23 / 29
Data analytics is partially integrated into our audit process 55.64% 222 26.57% 106 10.03% 40 7.77% 31 399 1.70 Data analytics is fully integrated into our audit process 29.32% 117 54.14% 216 9.27% 37 7.27% 29 399 1.94 Data analytics is nice to have on our audits 63.04% 249 21.27% 84 8.86% 35 6.84% 27 395 1.59 Data analytics is a must have on our audits 51.88% 207 29.82% 119 12.28% 49 6.02% 24 399 1.72 We have no strategy for using data analytics on our audits 37.59% 150 43.36% 173 12.28% 49 6.77% 27 399 1.88 Data analytics helps me on my audit assignments 74.19% 296 5.51% 22 12.78% 51 7.52% 30 399 1.54 I receive the right amount of data analytics training 25.56% 102 54.64% 218 13.78% 55 6.02% 24 399 2.00 I receive too little data analytics training 52.63% 210 27.82% 111 12.28% 49 7.27% 29 399 1.74 I have no need for data analytics training 4.76% 19 83.21% 332 6.77% 27 5.26% 21 399 2.13 The data analytics training I receive is effective 43.00% 169 24.17% 95 21.63% 85 11.20% 44 393 2.01 Free videos on the use of data analytics would help me 83.21% 332 5.76% 23 9.52% 38 1.50% 6 399 1.29 I have no time for analytics even if the training is free 5.00% 20 82.50% 330 8.25% 33 4.25% 17 400 2.12 24 / 29
Q23 Which model of audit technology training do you feel is most effective? Answered: 392 Skipped: 22 Content centric (jus... Learner centric (jus... Business centric (jus... Skills centric (competency... Content centric (just in case)? Learner centric (just in time)? Business centric (just for me)? Skills centric (competency based)? 9.95% 39 25.51% 100 20.92% 82 43.62% 171 Total 392 25 / 29
Q24 Which model of audit technology training do you feel is least effective? Answered: 396 Skipped: 18 Content centric (jus... Learner centric (jus... Business centric (jus... Skills centric (competency... Content centric (just in case)? Learner centric (just in time)? Business centric (just for me)? Skills centric (competency based)? 59.85% 237 16.67% 66 13.13% 52 10.35% 41 Total 396 26 / 29
Q25 Has your department used the services of a coach (third party) for audit technology training? Answered: 403 Skipped: 11 Yes No Yes No 28.29% 114 56.08% 226 13.65% 55 1.99% 8 Total 403 27 / 29
Q26 Is there anything that you would like to share regarding the issue of effectiveness of audit technology training? Answered: 104 Skipped: 310 28 / 29
Q27 If you would like more information about our 2016 Webinars with CPE please provide us with your email address. Answered: 242 Skipped: 172 29 / 29