The concept of data analytics has become a mandate for internal audit functions. The question isn’t “If?” It isn’t even “When?” The time is now, and the question is “How?” Functions that have not started or have only dabbled in the world of data analytics must take the next step toward implementing a basic data analytics foundation and building on it.
It is a daunting proposition, but even small audit functions can take advantage. Strategic data analytics can further the function’s reach and visibility within the organization, keep it relevant, and help it contribute to the organization’s betterment.
Before you can determine where to go and how to get there, you must figure out where you are. Find out by downloading the latest Global Knowledge Brief, available to IIA members at www.theiia.org/GKB.