Many organizations struggle or are in the early stages of fully integrating data analytics throughout their internal audit process. Challenges often include accessing the right data, developing the skillsets to effectively apply analysis to support audit objectives, finding and retaining specialist resources, and making data analysis cost effective and sustainable.
Clark Schaefer Consulting can assist with providing data analytic solutions and resources to help your Internal Audit department. Our approach can include:
- Partnering with your internal audit department to develop a data analytics strategy including defined goals, measurable objectives, and potential solutions to your needs.
- Assisting with the implementation of a data analytics program.
- Identifying how to best apply data analytics in each phase of your internal audit process.
- Providing training and knowledge transfer for your internal audit data analytics team.
Approaches and tools vary, from Tableau and ACL to Excel; whatever your situation, we can help you with developing your internal audit data analytics program.