DATA ANALYTICS: ELEVATING INTERNAL AUDIT’S VALUE

The sheer mass of data available to today’s internal auditors requires a systematic approach. This research-based report provides the tools you’ll need to become more efficient in your data mining efforts.

Today’s audit leader struggles with creating an integrated, efficient approach to data mining that maximises the impact and value the audit department delivers. The objective of the project is to research and design a data analytics framework ranging across a wide spectrum of concepts (such as financial risk, compliance, and fraud) to help internal audit functions broaden risk coverage and enhance audit efficiency.

You will learn how to:

• Develop a data analytics framework and use it to accomplish multiple audit objectives.
• Enhance internal audit efficiency through the use of data mining and analytics.
• Eliminate duplicated data mining and analysis efforts across audit and other functions.
• Determine the optimal effort needed to maximise the framework.

The Internal Audit Foundation, in partnership with Grant Thornton, conducted research and provided subject matter experts and editorial resources to produce this report.