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5. The five most commonly cited challenges when using data for audits (Part 1)

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Manage episode 273803560 series 2801356
Content provided by Risk Insights. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Risk Insights or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode we discuss five key challenges that assurance professionals - internal auditors and performance auditors - face in using data for audits.
This is part 1 - outlining the challenges. In parts 2 to 6, we will discuss solutions to each challenge individually.
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.

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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.

  continue reading

66 episodes

Artwork
iconShare
 
Manage episode 273803560 series 2801356
Content provided by Risk Insights. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Risk Insights or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode we discuss five key challenges that assurance professionals - internal auditors and performance auditors - face in using data for audits.
This is part 1 - outlining the challenges. In parts 2 to 6, we will discuss solutions to each challenge individually.
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

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.

  continue reading

66 episodes

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