White Paper - Data Analytics Resourcing Within Internal Audit

Author

Tariq Islam

PMIIA, BEng(First Class Honours), BMaths&ComputerScience, DCAM

Date

2024

Topics Explored

Internal Audit, Data Analytics and Technology Audit

Format

White Paper

Extract/Description

Resourcing data analytics work within internal audit is often a barrier when intending to utilise data analytics as a technique to enhance internal audit effectiveness and efficiency. This White Paper outlines different resourcing options that can be used by internal audit functions, including the advantages and disadvantages of these options.

Key Points

  1. Data analytics should be utilised by all internal audit functions, irrespective of the size of the organisation or the internal audit function.
  2. There is no ‘one-size-fits-all’ approach to resourcing data analytics work for your internal audit function. A combination of the resourcing approaches outlined in this White Paper may be appropriate and would naturally evolve over time as data analytics capability matures.
  3. The overarching ambition should be to resource data analytics work in a way that supports the technology aspect of the internal audit strategy, or a separate internal audit data analytics strategy if one has already been established.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

Yes