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.
Many audit teams are performing analytics in a centralized manner. Meaning they have one or a few people performing all their analytics and the rest of the team really aren’t doing much and unfortunately, aren’t expected to. But what if they had more resources