As the regulatory environment around data ethics evolves, all parties certainly must expand their knowledge of this risk. This brief explores organizational conduct and the potential associated reputational and financial damages for failure to establish proper data governance.
Internal auditors function as the final line of defense in an effective data governance strategy. Through their engagements, they have the ability to assess the effectiveness of data protection policies and if they are being properly executed. Should an issue be identified, internal auditors can also use their understanding of data ethics best practices to aid organizations in revising current policies or creating new ones.