Data analytics: How data analytics can help internal audit better understand risk

May 2012
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Data analytics: How data analytics can help internal audit better understand risk

At a glance

Power and utility company internal audit departments can leverage data analytics to help identify risk and give a view into company operations.

Internal audit departments have a unique opportunity to leverage data analytics to identify risks and provide insights to the business. While it is management’s responsibility to ensure that risks are appropriately mitigated, internal audit can focus its use of data analytics to hone in on areas or transactions where controls do not exist or are not operating effectively.

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