2020 has been a difficult year for many. With the recent economic downturn threatening the very existence of businesses across the country, senior management in countless businesses are looking to Internal Audit to help quickly identify emerging risks and share valuable insights learned from audits. Despite this increased demand, however, Internal Audit departments are still lagging in their use of advanced audit and data analytics tools.
We here at AuditWare understand that adopting data analytics afresh can be a daunting process for many who are used to the age-old, tried-and-tested audit approaches of the 20th century, but with rapid advancements in technology and an ever-increasing feature set, data analytics solutions like IDEA Data Analysis Version Eleven are having a greater impact on the audit landscape than ever before. The benefits of adopting data analytics in Internal Audit have never been clearer.