Nearly every internal audit department wants to implement data analytics. While the goal of audit analytics is to improve the effectiveness and efficiency of audits, many internal audit teams struggle to derive value from analytics. Why is that? What are the most common challenges teams face when starting their audit analytics journey? And, more importantly, how can you solve them?
Internal audit departments that successfully implement analytics gain full visibility into their risks, whereas others allow material weaknesses to slip through the cracks.
Within this guide, we’ve gathered takeaways from the last 10 years of collaboration with 60+ global companies that have successfully implemented audit analytics.
You’ll find key do’s and don'ts of audit analytics, and unlock insights on:
› Starting analytics: going from 0 to 1
› Ensuring the adoption of audit analytics
› Expanding your analytics: going from 1 to 10
› Tools on the market for success.