Transforming internal audit through data analytics

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Shift your internal audit analytics program into drive

Internal audit continues to search for opportunities to provide deeper insights and value across the organization to address rising pressure from stakeholders, increased regulations, and a dynamic business landscape. To that end, 82% of internal audit functions surveyed in PwC’s 2017 State of the Internal Audit Profession Study have increased their investment in data mining and data analytics to facilitate monitoring of key trends and support continuous auditing. However, many functions are finding their analytics programs stalled and in need of a jump start.

PwC’s internal audit analytics professionals are helping companies shift their internal audit analytics programs into drive and embed analytics in a way that supports the entire audit program. We bring a combination of audit, data analytics, technology, and business knowledge to identify patterns, trends, and anomalous behavior using data. This leads to richer business insights and enables internal audit to position themselves more strategically within the organization.


Of internal audit functions have taken steps to integrate data analytics according to PwC's 2017 State of the Internal Audit Profession Study. However, a long road lays ahead as many seek to fully embed analytics into their audit program.

Benefits of embedding analytics into your internal audit approach

  • Deeper business understanding to assist in audit intelligence
  • Advanced monitoring capabilities that offer a sustainable, quality approach to managing compliance, controls, and data validation requirements
  • End-to-end testing for process and control verification
  • Lower existing and future costs through automation of processes
  • Earlier identification of anomalies and patterns of high risk, leading to enhanced coverage
  • Effective communication of key issues and findings through dynamic dashboards
  • Audit functions that are more relevant to the business and to boards

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Contact us

Scott Greenfield
Digital Risk Solutions Leader, PwC US
Tel: +1 (646) 471 5383
Email

Jason Pett
Risk Assurance Leader, PwC US
Tel: +1 (410) 659 3380
Email

Seth Rosensweig
Digital Risk Solutions, Risk & Compliance Digital Acceleration, PwC US
Tel: +1 (646) 471 6762
Email

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