Data Analytics for Internal Audit

PRIMARY CONTACTS:
James B. Yard CPA, CIA
Tony P. Ielase, CISA

Internal Audit organizations are focusing on how to use data to improve their role in evaluating and monitoring key risks and business activities. 

In fact, most have this as one of their key strategic priorities for their function in the future. Evaluating data and building an analytics process can be a heavy undertaking requiring training, tools and expertise. Many organizations are in the early stages of integrating data analytics and continuous monitoring into their audit and business processes.  

As business processes transform and become more automated, internal audit needs to adapt on how to evaluate the process and mitigate the risk. This can be an opportunity to not only incorporate analytics but transform the entire department.

Internal Audit is in a unique position when it comes to data analytics and continuous monitoring, they can be used to improve audits but also become a resource for innovation and decision making for the organization.

Whether you have started your journey or you don’t know where to start, we are here to help and be a partner. 

Ready to get started?

Contact us to learn more about our Data Analytics for Internal Audit service.

About Schneider Downs Risk Advisory 

Our team of experienced risk advisory professionals focus on collaborating with your organization to identify and effectively mitigate risks.  Our goal is to understand not only the risks related to potential loss to the organization, but to drive solutions that add value to your organization and advise on opportunities to ensure minimal disruption to your business.

Explore our full Risk Advisory Service offerings at gkvpuu.nbzhiai.com/risk-advisory-services or contact the team at [email protected].

case studies
 
                                    Company impacted by ransomware.
big problem:
Company impacted by ransomware.
big thinking:
Restore system on-site and avoid six-figure ransom.
 
                                    Inefficient tax credit realization.
big problem:
Inefficient tax credit realization.
big thinking:
Identified a $900,000 tax credit, nearly twice as much as prior years.
our thoughts on

SEC Adopts Final Climate Disclosure Rules

Learn more about the SEC's final climate-related disclosure rules and what public companies will need to do moving forward.

read more >

Proposed Bipartisan Tax Plan Released – Overview of the Tax Relief for American Families and Workers Act of 2024

Learn more about the proposed Tax Relief for American Families and Workers Act of 2024 and the highlights included within the Act.

read more >

Understanding CA SB 261: The Greenhouse Gases: Climate-Related Financial Risk Act

Learn more about what public and private companies need to know about CA SB 261, the Greenhouse Gases: Climate-Related Financial Risk Act.

read more >

Fraud Week 2023: Frauds of the Rich and the Famous

Learn more about ACFE International Fraud Week and explore famous fraud cases including FTX and the Fyre Festival.

read more >

2024 Cost-of-Living Adjustments for Retirement Plans and IRAs

Learn more about the 2024 cost-of-living-adjustments for retirement plans and IRAs.

read more >

contact us

Pittsburgh
Columbus
Metropolitan Washington