From Insights to Action: Optimising Audits with Data-Driven Strategies
In an ever-evolving landscape, staying at the forefront of industry trends is essential. To help our members navigate the dynamic world of internal auditing, IIA Singapore partnered with Wolters Kluwer for a lunch talk, "From Insights to Action: Optimising Audits with Data-Driven Strategies" on 27 September 2023.
The event commenced with a welcome address by Derek Titterington, setting the stage for the session that followed, where Christopher Capay, Consultant from Wolters Kluwer, delved into the critical role that data analytics plays in internal audits in an era where data is king. It goes beyond being just a tool; it can significantly transform the audit approach, leading to improved efficiency, accuracy, and effectiveness in risk identification, management, and reporting.
The talk left attendees with valuable takeaways:
- Data-driven audits provide a wealth of insights that can drive better decision-making and strategic planning.
- Learn how to effectively clean and organise data, making it ready for in-depth analysis.
- Discover how data can be used at every stage, from risk assessment to audit planning, fieldwork, and reporting.
- Gain insights into the key steps required to build, sustain, and expand a successful data analytics programme.
The event saw the participation of over 20 IIA Singapore members, all looking to learn how they can reshape the future of internal audits. As we continue to embrace technology and data in the internal audit profession, understanding the intricacies of data-driven audits is not just an advantage; it's a necessity.
Thank you to Wolters Kluwer for the collaboration opportunity.
