Date and Time:
July 18, 2024 10:00 AM - 2:00 PM
Event Location:
Online, India
Description
Achromic Point presents Data Analytics for Internal Auditors on 18th July 2024. This hands-on program aims to give the participants an understanding of the types of data analytics, its benefits and the various standards of data analytics along with their respective limitations. Throughout the program attendees will learn the Introduction to Data Analytics, Use of Data through the Audit Lifecycle and Use of forensic techniques when you suspect fraud in the audit- Evidence considerations from an auditor.
Who should attend
- Chief Risk Officers
- Chief Audit Executives
- External Auditors
- CFOs
- Internal Directors/Managers/ Supervisors/Auditors
- Risk Managers
- Assurance professionals
- Risk & Governance professionals
THOUGHT LEADERS:
- Ankush Lamba
Managing Director, Data and Technology
Ankura - Vetrivelan A B
Associate Director
Deloitte Risk Advisory - Shashank Karnad
Partner and CEO, Forensic Services
Mahajan & Aibara
Event Timelines
Session 1: Introduction to Data Analytics
Explain the concept of big data
Examples of how data analytics has transformed businesses
how the IA function has evolved through the use of data and analytics
Identify how data analytics can transform all parts of the audit lifecycle, from planning, risk assessment, execution, reporting, and through to monitoring
Identify and define key data analysis terms
List common issues regarding data types
Tools overview
Explain necessary preparation to get started on a data analysis project – Typical Process
Strategic Considerations
People
Process
Methodology
Data Management
Session 2: Use of Data through the Audit Lifecycle
Identify how data analytics can transform all parts of the audit lifecycle, from planning, risk assessment, execution, reporting, and through to monitoring
Recognize the data analytics maturity continuum
Recognise the different types of analytics that can be used including descriptive, predictive, and prescriptive analytics; Relate these analytical techniques to auditing a business process
Seeing the data in dashboards
Session 3: Use of forensic techniques when you suspect fraud in the audit- Evidence considerations from an auditor
Implementing pre-incident forensic analysis routines that can be used to assess “What could go wrong”, detect fraud during audit and in leading organisations, on the basis of Continuous Auditing/Continuous monitoring program
Common analysis to identify red flags
