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.