Internal Audit: Integrating Analytics

 

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Analytics is helping to redefine how internal audit groups operate within large organizations. Advances in information technological allow audit groups, particularly those in the financial services arena, to serve as a value-adding advisor to senior management. As a result, internal audit groups can offer comprehensive audits that better detect risks while shoring up internal controls.

In this article, you will discover how:

  • The use of trending analysis in audit planning,
  • analytics improves the way internal audits are conducted, and
  • more focused audits provide better results than random data pulls.

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