Data Analytics for Internal Audit

James B. Yard CPA, CIA, CISA,
Tony P. Ielase, CISA

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. 

Ready to get started?

Contact us to learn more about our Data Analytics for Internal Audit service.

About Schneider Downs Risk Advisory 

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.

Explore our full Risk Advisory Service offerings at or contact the team at [email protected].

case studies

                                    Company impacted by ransomware.
big problem:
Company impacted by ransomware.
big thinking:
Restore system on-site and avoid six-figure ransom.
                                    Inefficient tax credit realization.
big problem:
Inefficient tax credit realization.
big thinking:
Identified a $900,000 tax credit, nearly twice as much as prior years.

our thoughts on

Six Common Lease Accounting Adoption Mistakes... and How to Avoid Them

Learn about six common mistakes organizations make when adopting the ASC 842 lease accounting standard.

read more >

SDWMA Thoughts on Silicon Valley Bank

Learn more about the Silicon Valley Bank collapse and why SDWMA embraces diversification.

read more >

Digital Transformation and The Construction Industry: Digital Workflows

Learn about the benefits that digital workflows present to the construction industry.

read more >

SECURE 2.0 Act of 2022: Key Highlights

Learn more about key highlights and provisions of the SECURE 2.0 Act.

read more >

Resolve to Prevent or Detect Financial Statement Fraud in the New Year

Recognize these red flags to prevent financial statement fraud in the new year!

read more >

contact us

Metropolitan Washington