They are also impacting common control procedures, the overall control environment, risk management and audit. In this report, we consider key emerging technologies and their impact on an organisation’s internal control environment.

Referencing COSO’s integrated internal control framework, we look at how organisations use robotics, IoT sensors, drones, cloud computing, advanced analytics, AI and blockchain to strengthen their controls. How will this new environment affect our views of what 'internal' controls are? What does it mean for corporate governance?

New technologies bring about new risks, particularly around cybersecurity and data privacy. Balancing innovation with safety and security is critical to mitigate risks. This report assesses these risks and evaluates technologies for designing and strengthening the internal control frameworks of the future.

Further reading