GDPR moves into the next phase and the needs of Internal audit
GDPR moves into the next phase and the needs of Internal audit
Europe’s General Data Protection Regulation came into effect on 25 May, 2018 after a mammoth effort by organizations throughout Europe and beyond to prepare for the launch date. The regulations give greater protection for individuals over how their data can be collected, processed and retained. While internal auditors in many organizations will have been helping their organizations prepare for the new requirements, now that the legislation is live, they are more likely to be providing assurance. It is critical that organizations do not lose impetus after all of the hard work it has taken to get their processes off the ground. “Now that GDPR is live, internal auditors will need to ensure that people throughout their organizations do not become complacent because the new rules are here to stay,” ECIIA President Farid Aractingi says. “Internal auditors are likely to move from a more consulting role to providing assurance over the processes that are now in place.” Typical areas on which audit can provide assurance include: How adequate and effective are the policies and processes in place as controls? How robust is the organization’s data governance? Are the right people in the right roles to promote sound data controlling and processing? How rigorous and timely is the reporting of data breaches? Are we fully compliant? How do we learn from incidents? Auditors will need to consider how GDPR is reflected in their annual audit planning. For example, should GDPR be a consideration for every audit engagement, in the way culture now should be? Is auditing the GDPR control framework also something that should happen across the organization every two to three years? Internal auditors are likely to give greater focus on specific areas after implementation. IT and GDPR-specific change programmes are obvious examples, but organization-wide communications will need to ensure that GDPR stays topical even after the initial rush of activity. That could mean ensuring that human resources and learning and development teams have plans to amend training for existing staff and new joiners. GDPR should remain a significant topic for induction and refresher training. There are currently gaps in the guidance available, but this will develop as everyone gets to grip with GDPR. Internal auditors should stay abreast of any changes to legislation, guidance and good practice. Audit International are specialists in the recruitment of Internal Auditors and Corporate Governance Professionals across Europe and the US. If you would like to reach out to discuss your current requirements, please feel free to reach us on 0041 4350 830 95. |
927 total views, 1 today