75% of your audits aren’t based on data. Don’t believe me? Great! I’d like for you to go back through your audits from the last year and count how many you performed and how many contained an analysis of data
Today's fast-paced and evolving business environment requires an internal audit to consider its capabilities and needs to ensure appropriate strategic planning.
Despite an organization’s complexity, it’s the role of internal audit to provide assurance to audit committees and executive stakeholders. To do that, internal audit needs a view of the business that allows them to assess risks, prioritize audits, understand how much coverage the audit plan provides, and what parts of the organization have high-risk audit findings.