🇦🇺Australia
IT Audit Remediation Costs
2 verified sources
Definition
IT audit services identify inefficiencies and compliance issues in data systems, leading to costly remediation.
Key Findings
- Financial Impact: AUD 10,000-50,000 per full IT audit remediation
- Frequency: Annual or bi-annual audits
- Root Cause: Non-automated data retention causing repeated audit findings
Why This Matters
The Pitch: IT Data Services waste AUD 10,000-50,000 per audit on fixes. Automated compliance management cuts this by 70%.
Affected Stakeholders
IT Director, CISO
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Fair Work Audit Fines
AUD 66,600 per serious underpayment breach; AUD 16,500 per record
Superannuation Reporting Delays
200% SG Charge on shortfalls (e.g., AUD 23,000 on AUD 11,500 shortfall)
ATO Compliance Penalties
AUD 1,110+ per BAS failure; up to AUD 20,000 for repeated STP non-compliance
Data Breach Reporting Fines
AUD 500,000+ per breach, up to AUD 2.5 million max per serious contravention (logic: Privacy Act penalties)
Backup Failure Downtime Costs
AUD 898 million market-wide in 2024 for disaster restoration[2]
DRaaS Market Gap Losses
AUD 250.27 million DRaaS revenue potential in 2025[8]
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