We help organisations improve and transform the approach to risk and internal audit through Data and Analytics.
Organisations have a strong desire to effectively leverage technology.
Data & Analytics, is the process by which insights are extracted from operational, financial and other forms of data internal or external to the organization. These insights can be historical, real-time, or predictive and risk-focused.
Consider the traditional audit approach, which is based on manually assessing and testing controls and sampling only a small population to measure control effectiveness. Fast forward to repeatable and sustainable D&A and the approach becomes much more risk-based and comprehensive. With D&A, organizations have the ability to review every transaction—not just a sampling—which enables a more efficient analysis on a greater scale.
Our clients are looking for their service providers to become more effective and efficient by leveraging D&A tools and techniques identify risk, achieve audit objectives, with an expanded scope, at a lower cost.
We developed Continuous Risk Assessment (CRA) as an enhancement of traditional risk assessment processes through the inclusion of quantitative metrics (Key Risk Indicators (KRIs)) to better assess the risk universe.
Our Data & Analytics-enabled Internal Audit (DAeIA) offering integrates the use of D&A into Internal Audit.
Are you asking any of these questions:
Our D&A services include: