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Cognitive risk sensing: Enabling
internal audit to anticipate risks
Deloitte poll results from Oct. 2019
Cognitive risk sensing: Enabling internal audit to anticipate risksCopyright © 2019 Deloitte Development LLC. All rights reserved. 2
Methodology
C-suite and other executives were polled
online during a Deloitte webcast, titled
“Cognitive risk sensing: Enabling internal
audit to anticipate risks,” on Oct. 10, 2019.
Answer rates differed by question.
In some instances, immaterial amounts (e.g., +/-
0.1%) have been added to or removed from the
“Don’t know/not applicable” answer responses to
bring results to 100% total for each question.
1,590+
2
Cognitive risk sensing: Enabling internal audit to anticipate risksCopyright © 2019 Deloitte Development LLC. All rights reserved. 3
Does your organization collect and analyze external, open-source
data as part of the IA function?
C-suite and other executives
Votes received: 1,740
Don’t Know / Not Applicable = 33.4%
25.4%
41.2%
Yes
No
Cognitive risk sensing: Enabling internal audit to anticipate risksCopyright © 2019 Deloitte Development LLC. All rights reserved. 4
Which best describes your organization’s current use of cognitive
risk sensing?
C-suite and other executives
Votes received: 1,598
Don’t Know / Not Applicable = 34.9%
Advanced—We currently use
cognitive risk sensing across the
enterprise
Intermediate—We currently use
cognitive risk sensing in some
areas of our organization
Planning—We do not currently
use cognitive risk sensing, but
are actively working to begin use
of it in the next 12 months
Lagging—We do not currently
use cognitive risk sensing, nor do
we have plans to do so
5.3%
12.8%
16.4%
30.6%
Cognitive risk sensing: Enabling internal audit to anticipate risksCopyright © 2019 Deloitte Development LLC. All rights reserved. 5
Which do you think is the greatest benefit to an organization
using cognitive risk sensing?
C-suite and other executives
Votes received: 1,634
Don’t Know / Not Applicable = 23.3%
Detecting
emerging
risks and
potential
threats
early
Developing
awareness
of potential
loss
impacting
events
Driving
business
growth
Reducing
oversight
labor hours
Analyzing
root causes
from
suppliers to
dealerships
39.4%
15.3% 13.8%
4.8% 3.4%
Cognitive risk sensing: Enabling internal audit to anticipate risksCopyright © 2019 Deloitte Development LLC. All rights reserved. 6
Media contact
Nicole Hockin
Public Relations
Deloitte & Touche LLP
nhockin@deloitte.com
Shelley Pfaendler
Public Relations
Deloitte Services LP
spfaendler@deloitte.com
Full press release available on
Deloitte.com
8
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and
their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not
provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the
“Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of
public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Copyright © 2019 Deloitte Development LLC. All rights reserved.
The statements in this report reflect the aggregation of poll responses and are not intended to reflect facts or opinions of any entities. All data, charts and
statistics referenced and presented, as well as the representations made and opinions expressed, unless specifically described otherwise, pertain only to
the participants and their responses to the Deloitte poll. The information obtained during the poll was taken “as is” and was not validated or confirmed by
Deloitte.
This presentation contains general information only and Deloitte is not, by means of this presentation, rendering accounting, business, financial,
investment, legal, tax, or other professional advice or services. This presentation is not a substitute for such professional advice or services, nor should it
be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business,
you should consult a qualified professional advisor.
Deloitte shall not be responsible for any loss sustained by any person who relies on this presentation.

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Few Organizations Use Enterprise-wide Cognitive Risk Sensing to Prevent and Detect Risks, Execs Say

  • 1. Cognitive risk sensing: Enabling internal audit to anticipate risks Deloitte poll results from Oct. 2019
  • 2. Cognitive risk sensing: Enabling internal audit to anticipate risksCopyright © 2019 Deloitte Development LLC. All rights reserved. 2 Methodology C-suite and other executives were polled online during a Deloitte webcast, titled “Cognitive risk sensing: Enabling internal audit to anticipate risks,” on Oct. 10, 2019. Answer rates differed by question. In some instances, immaterial amounts (e.g., +/- 0.1%) have been added to or removed from the “Don’t know/not applicable” answer responses to bring results to 100% total for each question. 1,590+ 2
  • 3. Cognitive risk sensing: Enabling internal audit to anticipate risksCopyright © 2019 Deloitte Development LLC. All rights reserved. 3 Does your organization collect and analyze external, open-source data as part of the IA function? C-suite and other executives Votes received: 1,740 Don’t Know / Not Applicable = 33.4% 25.4% 41.2% Yes No
  • 4. Cognitive risk sensing: Enabling internal audit to anticipate risksCopyright © 2019 Deloitte Development LLC. All rights reserved. 4 Which best describes your organization’s current use of cognitive risk sensing? C-suite and other executives Votes received: 1,598 Don’t Know / Not Applicable = 34.9% Advanced—We currently use cognitive risk sensing across the enterprise Intermediate—We currently use cognitive risk sensing in some areas of our organization Planning—We do not currently use cognitive risk sensing, but are actively working to begin use of it in the next 12 months Lagging—We do not currently use cognitive risk sensing, nor do we have plans to do so 5.3% 12.8% 16.4% 30.6%
  • 5. Cognitive risk sensing: Enabling internal audit to anticipate risksCopyright © 2019 Deloitte Development LLC. All rights reserved. 5 Which do you think is the greatest benefit to an organization using cognitive risk sensing? C-suite and other executives Votes received: 1,634 Don’t Know / Not Applicable = 23.3% Detecting emerging risks and potential threats early Developing awareness of potential loss impacting events Driving business growth Reducing oversight labor hours Analyzing root causes from suppliers to dealerships 39.4% 15.3% 13.8% 4.8% 3.4%
  • 6. Cognitive risk sensing: Enabling internal audit to anticipate risksCopyright © 2019 Deloitte Development LLC. All rights reserved. 6 Media contact Nicole Hockin Public Relations Deloitte & Touche LLP nhockin@deloitte.com Shelley Pfaendler Public Relations Deloitte Services LP spfaendler@deloitte.com Full press release available on Deloitte.com 8
  • 7. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms. Copyright © 2019 Deloitte Development LLC. All rights reserved. The statements in this report reflect the aggregation of poll responses and are not intended to reflect facts or opinions of any entities. All data, charts and statistics referenced and presented, as well as the representations made and opinions expressed, unless specifically described otherwise, pertain only to the participants and their responses to the Deloitte poll. The information obtained during the poll was taken “as is” and was not validated or confirmed by Deloitte. This presentation contains general information only and Deloitte is not, by means of this presentation, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This presentation is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this presentation.