DATA ANALYTICS AND VISUALIZATION: RISK ASSESSMENT EXAMPLE. What does it look like when data analytics and visualization are used in an audit? The following example, featured in the AICPA’s Use of ...

Audit analytics give practitioners the ability to examine an entire dataset rather than just a sample, improving the quality of an audit. “Doing 100% populations, that’s a big thing,” said Wilkins, a ...

What we’ve been focused on of late is how do we extract the data from our clients in a very secure manner and how do we use that data to analyze it, to inject analytics on it to perform robust ...

Many internal audit departments, however, are just getting on board with this trend. Smart Business spoke with Kirstie Tiernan, data analytics managing director for BDO, Chicago at BDO USA, LLP, about ...

Digital analysis such as Benford’s Law is a well-known audit example of an Outlier query, but there are many more techniques that can yield insight beyond only Benford’s Law.

Data analytics in internal audit will become even more efficient going forward as the underlying technologies improve. New technologies will help overcome current challenges such as data ...

For example, data analytics can help firms identify which audit procedures are taking the most time and what procedures can be automated. Armed with this information, firms can better allocate their ...

The National Audit Office (NAO) recommends public bodies share and manage data in a way that prevents fraud and saves taxpayers’ money.

Based on a survey of 298 internal audit executives in Ireland and the UK, the CIIA report indicates that a third of organisations are yet to adopt any data analytics functions for internal audits ...

LONDON, October 09, 2024--AuditBoard, the leading cloud-based platform transforming audit, risk, compliance, and ESG management, today launched powerful new analytics capabilities to help ...