Internal Audit organizations are focusing on how to use data to improve their role in evaluating and monitoring key risks and business activities.
In fact, most have this as one of their key strategic priorities for their function in the future. Evaluating data and building an analytics process can be a heavy undertaking requiring training, tools and expertise. Many organizations are in the early stages of integrating data analytics and continuous monitoring into their audit and business processes.
As business processes transform and become more automated, internal audit needs to adapt on how to evaluate the process and mitigate the risk. This can be an opportunity to not only incorporate analytics but transform the entire department.
Internal Audit is in a unique position when it comes to data analytics and continuous monitoring, they can be used to improve audits but also become a resource for innovation and decision making for the organization.
Whether you have started your journey or you don’t know where to start, we are here to help and be a partner.
Contact us to learn more about our Data Analytics for Internal Audit service.
Our team of experienced risk advisory professionals focus on collaborating with your organization to identify and effectively mitigate risks. Our goal is to understand not only the risks related to potential loss to the organization, but to drive solutions that add value to your organization and advise on opportunities to ensure minimal disruption to your business.
Tis the Season: Unwrapping the Top Holiday Scams of 2023read more >
Fraud Week 2023: Frauds of the Rich and the Famousread more >
2024 Cost-of-Living Adjustments for Retirement Plans and IRAsread more >
Think Before You Click: Fake Browser Updates are Back in Styleread more >
The SEC ‘Names Rule’: Unpacking the Impacts to ESG Fundsread more >
p: 614.621.4060 f: 614.621.4062