Data Analytics for Auditors

by FinTech Risk Management‎ FinTech Risk Management‎, Risk & Compliance Traini

Data analysis gives audit departments the ability to conduct assessments on the operating effectiveness of internal controls and to look for indicators of emerging risk.

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Review on Data Analytics for Auditors

1). Data Analytics is defined as the process of inspecting, cleaning, transforming, and modeling data with the goal of highlighting useful information, suggesting conclusions, and supporting decision making.

2). Continuous auditing is any method used by auditors to perform audit-related activities on a more continuousor continual basis. It is the continuum of activities ranging fromcontinuous control assessment to continuous risk assessment

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