Templates
IT audit risk assessment template

IT audit risk assessment template

Identify and address IT risks using this structured template. From assessing infrastructure to tackling vulnerabilities, it gives you the tools to audit confidently.

Use this template
or download pdf
IT audit risk assessment template

Identify and address IT risks using this structured template. From assessing infrastructure to tackling vulnerabilities, it gives you the tools to audit confidently.

Use this template
or download pdf

About the IT audit risk assessment template

Staying on top of IT risks involves monitoring a wide range of systems, policies, and processes. This IT audit risk assessment template is designed to give IT teams and audit professionals a straightforward way to identify, evaluate, and document risks. With customizable sections for infrastructure, governance, security, and compliance, you’ll have a powerful tool for keeping your team on track and informed.

A step-by-step guide to using an IT audit risk assessment template

Here’s how you can maximize the effectiveness of the template:

  1. Customize the template to fit your needs. Start by tailoring the template to your organization’s specific IT environment. Use the Lumiform app to adjust sections like IT infrastructure, operations, or compliance. Add or edit fields to match your systems, policies, and industry standards.
  2. Document your IT assets and processes. Input all relevant data, including servers, devices, software, and policies. Accurately capturing details about your IT setup creates a strong foundation for identifying risks. You can include photos, notes, or attachments for added context.
  3. Conduct the audit step-by-step. Work through the template systematically, evaluating each category. Check for vulnerabilities, missing policies, or non-compliance issues. For example, confirm the presence of disaster recovery plans or review security controls for effectiveness.
  4. Assign corrective tasks. After identifying risks, assign actionable tasks directly from the app. For example, you can delegate updating security policies or addressing system vulnerabilities. This keeps everyone accountable and ensures swift follow-up on issues.
  5. Analyze and improve over time. Use Lumiform’s analytics to track trends and measure improvements across audits. This helps you identify recurring risks and refine your processes for better IT management in the future.

Best practices for using an IT audit risk assessment template

To get the most value from your IT audit risk assessment, focus on prioritizing risks, documenting findings thoroughly, and assigning actionable tasks.

It’s important to prioritize risks based on their potential impact and likelihood. Not all risks are created equal—some pose critical threats to your operations, while others are minor inconveniences. Use a risk matrix to classify each issue, focusing your efforts on addressing high-priority vulnerabilities first.

Attach supporting evidence to each identified risk to provide context and improve transparency. Screenshots, system logs, or detailed notes can clarify what’s at stake and help stakeholders understand the severity of each issue.

Finally, set tasks with deadlines to address vulnerabilities and assign them to the appropriate team members. Break large risks into manageable steps, set realistic timelines, and follow up regularly to track progress.

Download Lumiform’s IT audit risk assessment template today

Streamline your IT audits with this professional template. With sections tailored for assessing infrastructure, governance, and compliance, this tool makes identifying and managing risks faster and more accurate. Whether for a one-off audit or regular reviews, the template adapts to your needs, saving you time and delivering actionable insights.

Categories

  • Risk management and compliance templates
  • ICT templates
  • Risk assessment templates
Preview of the template
Page 1
General Information
Organization Name
Department/Division
Audit Period
Auditor Name
IT Infrastructure
Servers (on-premise and cloud)
Desktop/Laptop Computers
Network Devices (routers, switches, firewalls)
Database Servers
Application Servers
IT Governance
Is there an IT Steering Committee or equivalent?
Is there an IT Security Policy in place?
Is there an IT Disaster Recovery Plan in place?
Are IT policies and procedures documented and communicated to staff?
IT Operations
Are there established IT change management procedures?
Are there procedures for monitoring and responding to IT incidents?
Is there a formal IT asset management process in place?
Are there procedures for secure disposal of IT equipment?
IT Security
Are there access controls (authentication, authorization) for IT systems?
Are there vulnerability management procedures in place?
Are there data backup and recovery procedures in place?
Are there procedures for monitoring and logging IT security events?
IT Compliance
Are there procedures to ensure compliance with relevant IT regulations?
Are there procedures to ensure data privacy and protection requirements are met?
Are there procedures to manage IT vendor compliance?
Are there procedures to manage software licensing compliance?

Frequently asked questions

How can I prioritize risks when resources are limited?

When resources are tight, focus on high-impact risks that are most likely to occur. Use a risk matrix to evaluate each threat by its severity and probability, then rank them accordingly. For example, prioritize risks that could disrupt business operations or expose sensitive data.

How do I evaluate the impact of a potential IT security threat?

Start by assessing the potential consequences of the threat—financial loss, operational downtime, reputational damage, or legal penalties. Consider the systems or data at risk and their importance to your business. A vulnerability in customer data storage would have a higher impact than one affecting non-critical systems.

What are some lesser-known IT security risks companies should watch out for?

Beyond common risks like phishing or malware, companies often overlook issues such as insider threats, unpatched legacy systems, and vulnerabilities in IoT devices. Shadow IT—systems and applications used without IT approval—is another risk that can lead to compliance gaps.

This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.