Impact of Quantum Computing on Auditing Work | Anticipatory Action Required

– New opportunities and risks with exponentially more computing power–

Description:

The stability and progress of quantum computing is continuously increasing. In the meantime, there are also the first desktop computers with quantum computing technology. Enormous government and private investments in the triple-digit billions are being made worldwide.

The developments in quantum computing technology are both an opportunity and a risk for internal auditing and for corporate models.

Here, it is important to be proactive and understand the key risks associated with the business model’s own data and process architecture. These include security of encryption systems, sensitive data protection, impact on business models, ethics and society associated with artificial intelligence, and environmental scenarios.

Quantum computing is so attractive because it offers tremendous advantages over traditional computers. Quantum computers can perform multiple calculations simultaneously and solve complex problems in less time. This makes them particularly attractive for applications in cryptography, materials research, artificial intelligence and other fields.

With the ability to perform calculations that are impossible for conventional computers, quantum computers can spark a revolution in computing technology and various industries.

Learn what developments and risks to look out for in this concise Audit Training.

Topics:

  1.  Prelude
    • Definition von Quanten Computing
    • Why Quantum Computing is relevant for Internal Audit?
  2. Quantum Computing in Operations
    • How do quantum computers work compared to traditional computers?
    • What are qubits and how do they work?
    • What computations can quantum computers perform that traditional computers cannot?
    • Which industries are likely to be completely revolutionized by this?
  3. Applications of Quantum Computing
    • Application areas of quantum computing
    • Case studies of the use of quantum computing
  4. Risks and challenges for internal auditing
    • Risks for IT security and data protection due to quantum computing
    • Impact of quantum computing on business and society
    • Ethical issues related to quantum computing
    • Challenges and Opportunities for Internal Audit in the Context of Quantum Computing
    • Best Practices for Internal Audit in the Context of Quantum Computing
  5. Summary and Outlook
    • The Future of Quantum Computing
    • What does quantum computing mean for audit and what actions should be taken?

Training Team

Audit-Championship is a university spin-off. We focus on networking between science and practice. Audit-Championship provides thought leadership and innovative methods to support its customers across all industries in digital transformation. We support audit departments globally as well as national Internal Audit associations with yearly 2.900+ training days and transformation services along an internal audit knowledge value chain.

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