One of the things I like the most about the audit profession is its never-ending desire to share audit approaches, techniques, tips and knowledge. Organizations like ISACA, ACUA, AHIA, ALGA and The IIA are excellent examples of what I’m talking about. There is such a strong willingness to share information amongst fellow audit professionals and it comes right from the top. Take for instance the blog of The IIA’s President, Richard Chambers, Chambers on the Profession. I always enjoy reading what he has posted. In his most recent blog post, Five New Year’s Resolutions Every Internal Auditor Should Make for 2013, Chambers shares some excellent points. The one that resonated with me was point #4:
We have to recognize that our resources are limited, and they’re not likely to grow significantly in the coming years. Yet, our stakeholders’ expectations continue to grow. One of the ways that we can become more productive and add greater value to our organizations is by leveraging technology — using data mining and analytics tools and techniques and taking advantage of audit management system software to help with documentation of our work and the planning and communications of the results of that work. These tools can be tremendous “capacity multipliers” for internal auditors.”
A strong case for data analytics and audit management software!