
If YOUR audit department doesn’t embrace data, analytics, and automation eventually, your audit department will NOT exist.
No data, no analytics. No analytics, no automation. Eventually, no audit department.
Editor Note: This post really applies to all departments in a company, but mainly I’m addressing auditors, but you might want to read between the business lines….
By embrace, I don’t mean have one or two auditors working on this. I mean the entire department.
Before you cite all the regulatory requirements mandating the existence of an audit department in companies, having an audit department in name only won’t cut it.
Having an inept audit department will not be acceptable to regulators, and it shouldn’t be acceptable to company management either. Or Audit Committees!
Companies need skilled and efficient auditors that can do the heavy lifting, and this need will only increase.
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Filed under Audit, Data Analytics, Employment, Technology, Written by Skyyler
Tagged as Audit, audit committee, automation, business, CAE, dashboard, data, department, die, integrated, irrelevant, model, process, quality, query, regulatory, relevant, requirement, unfaithful
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I was reviewing my blog stats and noticed that posts regarding employment and interviewing were my all-time most popular posts. At first, this surprised me, but as I thought about the economy and how many people (including myself) were laid off, it made sense. Here’s my most popular posts to-date:
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Filed under Audit, Employment, Humor/Irony
Tagged as acl, blog statistics, comments, Employment, humor, interviews, most popular, security cameras