This blog post is a follow up to our original blog post on Internal Audit: Harnessing the power of Analytics published on April 24th where we had brought out the need for analytics in IA and provided some use cases for analytics. In this post we would like to talk about some specific examples where analytics has created significant impact for clients.
Heard of the famous quote “In God we trust, all others must bring data” by William Edwards Deming? Today is a data driven world. Organizations across the world are accumulating large volumes of data over the years, which can be used effectively to derive business insights. The power of analytics has transformed the way we do Internal Audit today.