Enhancing audit quality continues to be of paramount importance for KPMG. Using data analytics for audit can include benefits such as providing better coverage and assurance, enabling risk focused audits and better understand clients. Find out more here.

An organisation must identiy and implement a process that recognises and handles risks. Internal audit can act as an advisory point when major technology changes occur and a new strategy is required, such as the creation of Uber. Read the full article here.

The way businesses absorb information has changed, and companies are compensating for this by increasing the number of employees in the data analytics field. There is a shift away from published content and towards paid search and data products in the B2B space. B2B companies are expected to up their spending on data analytics in…

People are naturally-born storytellers, and this is a tactic that businesses have deployed to ensure their brand story is told in the right way. However, storytelling can be unreliable as every narrator has a viewpoint. This can be particularly risky in business, whereby an employee can present a course of action with carefully selected data…

As the pressures within a business’ environment change and evolve, internal audit’s standards are altered to reflect such changes. Currently, the IIA are reviewing changing three different areas of the current standards. These include: Enhancing communication standards; Addressing new roles that internal audit are taking on within assurance and consulting; Aligning standards with those in…

Using expense reporting software provides a way for the business to monitor and track expenditure. However, to be most efficient, the software must include certain features and without these, the software risks violating the compliance procedures in place. Most importantly, assigning different roles to different users, making sure the visibility of data can be managed…

Humans are historically bad at detecting fraud and our accuracy is only marginally better than chance. This is largely to blame on human nature, on intuition. With the development of technology comes new fraud scams. However, technology can also be put to work to fight fraud. This can include receiving notifications from your mobile phone,…