With increasing demands for broader, more accurate and more efficient risk assurance, internal audit departments have entered the age of analytics. Organizations of all sizes must transform from labor-intensive manual processes to reliance on technology for things like sample selection and testing procedures. In a true next-generation internal audit model, analytics are continually leveraged to help establish the initial overall plan for determining audit scopes, assisting with testing and more.

Organizations can use the leading practices included in this tool to build their internal audit function’s analytics program and utilize analytics more meaningfully.