Audit analytics’ proven benefits of improving audit efficiency and testing accuracy while supporting better decision making are well known — but these commonly recognized benefits often overshadow vital qualitative advantages of investing in audit analytics.
In AuditBoard’s guide, The Qualitative Advantages of Audit Analytics: Creating Value, Opening Doors, and Strengthening Relationships, Trent Russell and Scott Madenburg examine how organizations leverage audit analytics technology to unlock new opportunities to collaborate with and provide value to other areas of the business.
Download this free guide to learn how to take advantage of analytics’ qualitative benefits to the organization, including
- Attracting, retaining, and developing top talent. In the war for talent, investments in next-generation technologies like analytics offer a clear advantage in recruiting and retaining internal audit professionals at every level.
- Surfacing valuable and timely insights throughout the year. Analytics can yield fresh insights into strategic objectives, processes, risks, and controls across the organization on an ongoing basis.
- Opening doors to collaboration. Sharing audit analytics tools and reporting dashboards can create opportunities to help stakeholders implement analytics and improve workflows in their own functions.
- Strengthening stakeholder relationships. Internal audit can build trust by proactively providing tools and insights to make stakeholders’ jobs easier and enable them to provide more value in their roles.
- Increasing stakeholder engagement and risk awareness. Audit analytics technology engages stakeholders across the business in day-to-day risk management, making them more aware of their responsibilities and more invested in doing their part.
