Audit Analytics Program
Fiscaal en AccountingFinancieelCompliance26 augustus, 2019

Quantifiable measures for your audit analytics program

When you report your findings to the audit committee or senior management, do you explain that 75% of your audits do not incorporate any analysis of data? Probably not, but why not? Is it because more than 25% of your audits contain data analysis? Let’s not count sampling as data analysis, pulling a random sample of 30 records from a set of 30,000 is a .1% sample, probably not something that gets explicitly reported. Do you still think it is more than 25%? Have you ever counted?

In this report, we discuss the importance of audits containing quantifiable data to increase assurance and reduce risk.