For years, auditors have used interviews and workshops to conduct successful company assessments. However, as more businesses become digitised, CFOs are having to consider more efficient approaches.
In the face of higher expectations for accuracy, they need to realise that big data is changing the way that organisations operate, and internal audit departments can’t afford to be left behind. In practice, this means that auditors need to blend traditional techniques with a more data-led approach. Despite this, PwC’s 2018 State of the Internal Audit Profession study showed that only 14% of audit professionals are advanced in their adoption of technology – clearly there is still progress to be made.
Unrivalled access to the organisation’s data provides internal auditing with a…
