Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data

This is part 4 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 3rd challenge - false positives. The five items are: Access to data - you can't get all the data, or you can't get it quickly enough. Low value - the analysis doesn't provide new insights. False positives - too many o...

This is part 3 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 2nd challenge - low value. The five items are: Access to data - you can't get all the data, or you can't get it quickly enough. Low value - the analysis doesn't provide new insights. False positives - too many of them...

This is part 2 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 1st challenge - access to data. The five items are: Access to data - you can't get all the data, or you can't get it quickly enough. Low value - the analysis doesn't provide new insights. False positives - too many of...

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: Access to data - you can't get all the data, or you can't get it quickly enough. Low value - the...

In this episode we discuss going beyond the audit report. That is, the audit report is not necessarily the end point or final deliverable. There are a few things that we can do to go beyond that and increase the value that we provide.  This includes: Remedial actions - going beyond the initial remedial action.  Using the report for maximum impact.  Following up on reported items.  Link:  The Plain...

In this episode we explore Open Access to data used within Internal Audit and Performance Audit teams, with focus on 8 exceptions that may necessitate a level of restriction.  In general, access should be as open as possible, as explained in the previous episode.  But there are 8 specific exceptions to consider, carefully:  Cross-border concerns.  Strict organizational data governance regimes.  Hi...

In this episode we explore why restricting access to data is less efficient and less effective than we intend it to be.  That is, such “controls” create risk.  About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity and Yusuf Moolla . Produced by Risk Insights (riskinsights.com.au).

In this episode we explore Principle 2 - Quality - for the use of data within Internal Audit and Performance Audit. Sub-principles 2a: Understand the audience and meet their needs.  2b: Focus on the audit objective.  2c: Ensure quality (a.k.a. quality assurance).  About this podcast The podcast for performance auditors and internal auditors that use (or want to use) data. Hosted by Conor McGarrity...

In this episode we introduce the podcast:  - who it is for  - what we discuss  - the format / structure  - release schedule  - how listeners can get involved This episode was recorded in October 2020, eight months after the first episode was released, then backdated to reflect as the first episode of the show.   We explain why we did this at the beginning of the episode. About this podcast The pod...