Using Data Analytics to change a Business Model: How to add value to your clients

OVERVIEW

This webinar uses a case study of the Red Fern Trust Company to demonstrate how data analytics in business can become a valuable part of the audit process. More than just detective data or ad hoc review of existing data elements, this webinar will take the attendee past the common and the basic to new levels of effectiveness and contribution. Utilizing common internal audit processes with slight modification of analysis and ensuring compliance with IIA standards, this webinar will show all auditors, risk managers, and compliance or quality assurance staff how to provide more value for each assignment.

WHY SHOULD YOU ATTEND

This webinar is a must for any auditor that wants to set themselves apart as an expert analyst and achieve trusted advisor status.  The review of data, inherent in many audits today, is not enough to be successful. Internal Audit requires more from itself and more is expected of audit by its stakeholders. The ability to link data together and to provide deep, thoughtful, and impactful insights and recommendations will ensure your success and your relevance. This is one webinar that can easily help you achieve trusted advisor status.

AREAS COVERED

The case study takes the auditor through Red Fern Trust Company. Red Fern is successful with steady positive returns and generally good controls. The auditor is assigned the task of linking Red Fern performance to the Parent Company’s strategic vision and help determine if there are opportunities for enhanced revenue. By using data driven testing and enhanced analysis of that data the auditor can see that controls are/are not working as designed and that Red Fern is financially viable. Then, provided new techniques of linking data together the auditor discovers the value of data analysis and how a complete business model can be changed juts through a simple audit engagement.

LEARNING OBJECTIVES

• Best ways to gather data that contribute s to the audit process
• Designing tests that will get you the information your require
• Learn techniques for linking data together
• Develop analytic insights through enhanced data review
• Develop a simple and easy way to communicate your audit results
• Bring it all together in the audit report itself.

WHO WILL BENEFIT

• General Auditor
• Audit Manager
• Auditors
• CFO’s
• Risk Managers
• Boards of Directors
• CEO
• COO

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