Data is vital to making risk-aware decisions in today’s volatile environment. Without a clear understanding of how their organisation is handling systemic risk — supported by accurate data — stakeholders may be met with unanticipated poor business outcomes.
According to a recent survey of internal audit functions conducted by the Chartered Institute of Internal Auditors (CIIA), more than 60% of respondents are using some form of data analytics, but nearly one-third are not using any at all — and of those using data analytics, many are still in the early stages.
A new report from the CIIA and AuditBoard, Embracing Data Analytics: Ensuring Internal Audit’s Relevance in a Data-Led World, examines the current state of data analytics in internal audit and identifies areas of opportunity as well as challenges to progress. Download the full report to learn:
- How your data analytics maturity level compares to peer organisations.
- The biggest benefits of implementing (or maturing) audit analytics.
- Key considerations for developing your audit analytics strategy and upskilling the function.