Data Analytics Helps Internal Audit Evolve During Challenging Times
As a government services provider, this organization’s internal audit team adheres to a risk-based audit approach to manage its ever-changing regulatory demands. Data analytics plays a key role in supporting that approach by helping internal auditors leverage data to get a real-time pulse on the organization’s risk.
Add to that the stress the global pandemic has put on the organization’s business, processes and internal controls, and it becomes even more critical for auditors to use data to identify emerging risks, as well as pinpoint opportunities to improve. The organization’s internal audit team relies on TeamMate Analytics, a powerful, Excel-based audit analytics tool, to help them extract actionable intelligence and valuable insights from the large amount of data their organization generates, making it easier to proactively analyze their risk landscape.
“Like many organizations today, increasing our use of data analytics is a high priority,” said Angela, an internal audit professional at the organization.
