TCH2611. Tiny Desktop: Audit Analytics for Small Teams

Advanced analytics and visualization tools have helped countless audit teams to enhance their risk assessments, increase efficiency in audit execution and deliver more meaningful insights to clients/stakeholders. Success stories from large firms and Fortune 500 companies have been well documented. However, the path to success for smaller organizations can be daunting.

In this session, we will draw on the presenter’s personal experiences and journey from managing large engagement teams supported by the resources of a Big 4 firm to leading smaller (5-10) person Internal Audit departments with limited budgets at both public & private companies. We will discuss practical use cases for leveraging analytics in risk assessments and audits, as well as how to get your program off the ground and on the path to incorporating analytics as a fundamental component of your audit strategy.

Learning Objectives:

• Identify common pitfalls, challenges and keys to success when beginning your analytics journey
• Techniques for identifying key risk indicators (KRIs) and expected outcomes to help build your models
• Identify strategies for effectively developing and selling your business case for investment
• Identify concrete actions to help get your program up and running