This is one of the separately bookable workshops at the Public Sector Assurance Forum.
WORKSHOP 1 | Embedding data analytics into internal audit
8:30 am - 12:30 pm AEST
Tariq Islam PMIIA, Managing Director, RapidLynx Consulting & Member, AI Working Group, IIA-Australia
Data analytics is no longer optional for internal audit, as per the new Global Internal Audit Standards it is now essential for delivering deeper insight, broader coverage and more efficient assurance. This highly practical, hands-on workshop is designed for internal auditors looking to get started or accelerate their use of data analytics using tools such as Power BI. Bring your laptop and work through a procurement internal audit case study where the techniques you will learn can be immediately applied to audits in your annual plan. Participants will leave with practical resources, techniques and approaches to source the right data, analyse it and identify exceptions to enhance internal audit effectiveness.
Key areas to be covered:
- Getting started with data analytics in internal audit - Practical steps to build capability, identify use cases and embed analytics into planning and delivery
- Tools, techniques and real-world applications - Overview and hands-on use of tools such as Power BI on a procurement case study to illustrate techniques to analyse data, identify anomalies and generate insights
- Understanding data quality and structure - How to assess data integrity and work with different data sets to ensure outputs are reliable and meaningful
- Applying analytics across the audit lifecycle - Using data analytics in planning, fieldwork and reporting to enhance coverage, efficiency and impact while using AI to brainstorm analytics scope and data requests
- Building an integrated approach to audit, risk and data - Connecting analytics with risk management and assurance to create a more data-driven audit function
Key learning outcomes:
- Understand how data analytics can be applied across internal audit and risk management activities
- Develop a practical action plan to embed analytics into your audit function
- Apply key data analytics techniques and concepts to analyse data, identify exceptions and highlights risks
- Select appropriate analytics approaches based on different audit scenarios
- Validate and document analytics outputs
How to register
For individual registration, click on REGISTER NOW button.