“Very well organized. I enjoyed the classroom exercises and breakout sessions; great course as my team is starting to think about DIA program.”
- IT Audit Manager, ING U.S.
In this three-day seminar, attendees will learn everything needed to know about effectively integrating data analytics, or CAATs (Computer Assisted Audit Techniques), into an audit process. You will learn how technology can be used to more efficiently and effectively achieve desired results and brainstorm analytics across most major business cycles. You will learn how to progress from basic analytics into a fully automated/repetitive mode, and learn the basics of Continuous Auditing. We will review common hurdles and hear how the most successful organizations in the world have been able to exploit the power of data analysis to achieve visible and sustainable value.
Whether you are in audit management, directing a team where you may never personally use the technology, or the person who will ultimately be performing data analysis techniques, this seminar provides critical experience. Participants in audit management will learn how to design effective strategies and programs to ensure sustainable results. Those who will play a hands-on role with analytics programs will get the opportunity to work on real-world scenarios with sample data files. Each participant will have the opportunity to practice designing effective tests and critiquing and QAing the work of others.
As the course progresses, you will move quickly from understanding basic analytic techniques such as stratifications, summarizations, duplicate identification, into more advanced techniques such as fuzzy matching, Benford’s Law, and statistical and regression analysis. You will explore cutting-edge topics such as visual analytics, risk score carding, and spatial analysis. Regardless of the tool you currently use or plan to use in your department – whether generic like MS Excel or MS Access, audit-centric like ACL or IDEA, or more IT-oriented like SQL or SAS – the standard pseudo-code used throughout the course will allow you to easily take what you have learned and quickly code it in your tool of choice. Participants are encouraged to bring a laptop to practice techniques on real data files using their tool of choice.
Prerequisite: Fundamentals of Internal Auditing (OAG101), IT Auditing and Controls (ITG101) or equivalent experience.
Advanced Preparation: None
Learning Level: Intermediate
Delivery Method: Group-Live