It’s becoming more common for internal and IT audit teams to work closely to identify and evaluate IT control deficiencies. Advancing technology and the use of data analytics makes it far easier and efficient to create an automated monitoring program for many manual processes—both in audit and IT audit. This automation reduces the time spent by both teams on time-consuming, repetitive tasks.
For the internal audit team at FINRA (Financial Industry Regulatory Authority), identifying and implementing the right tools coupled with a continuous commitment to maintaining momentum have been key to creating a successful data analytics program. In their journey to an automated internal audit program, they have optimized audit risk assessments and analysis, switched from sample-based testing to analysis of full data sets, isolated higher risk data points for detailed testing and analysis, and presented their results to management in visualization tools.
Join us for this 60-minute webinar, where you’ll hear from novice and advanced analytics users from FINRA. They’ll share their story and discuss how to:
- Plan and implement actual steps to establish a strategic data analytics initiative
- Apply analytics to expand the testing of IT controls in a complex infrastructure
- Use analytics to gain insight into unstructured data
- Make continuous improvements and gradually expand your data analytics initiative