The Internal Audit Analytics Conundrum—Finding your path through data

December 2013
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The Internal Audit Analytics Conundrum—Finding your path through data

At a glance

Business development during recent decades has involved extensive use of technology designed to drive business competitiveness and expand new business horizons. Integrating data analytics into your Internal Audit approach can help you achieve your audit objectives in a more reliable and cost-effective way. This white paper highlights what Internal Audit can be doing to help utilize analytics across their audit plan.

Leading organizations are able to gain significant competitive edge through data. The increasing sophistication of analytics technologies, coupled with the access and linkage of traditionally disconnected data sources is providing a level of insight and perspective not seen before in large organizations. These same methods are rapidly making their way into Internal Audit and compliance functions, allowing auditors to better understand and quantify risk, test controls and business processes quickly and efficiently. Advanced analytics can uplift and even change the audit proposition. This white paper highlights what Internal Audit can be doing to help utilize analytics across their audit plan.