10. Reporting (& timing) - solutions to #5 of the 5 most commonly cited data in audit challenges

The Assurance Show

This is part 6 of a 6-part series.
In the first episode, we discussed the 5 most commonly cited data in audit challenges. In this episode, we discuss solutions to the 5th challenge - reporting (and timing).
The five items are:

1. Access to data - you can't get all the data, or you can't get it quickly enough.
2. Low value - the analysis doesn't provide new insights.
3. False positives - too many of them; results are overwhelmingly noisy, distracting your focus.
4. Superficiality - the results are not deep enough to properly understand and refine the problems or to provide opportunities for improvement.
5. Reporting - the results are not available in time for reporting, the report is not tailored to the audience.

Links

• Blog article - 5 challenges to tackle - data in audit
• Blog article - Principle 3: Maximize benefits
• This episode's web page (with full transcript)

About this podcast

The podcast for performance auditors and internal auditors that focuses on data & risk. Hosted by Conor McGarrity and Yusuf Moolla. Produced by Risk Insights.