At ACL we believe that audit technology is getting better and better at helping auditors serve their organizations. But as the internal audit profession continues to progress and change with advances in data analytics and automation, what does that mean for you?

Here are four analytics technology drivers that merit close attention as having the biggest opportunity to magnify audit value delivery:

1. Standardized analytic “apps”

Apps that are pre-configured with the knowledge to extract and analyze data for specific risks… in other words, if you have a standardized data source, like a major ERP system, there are now analytics apps that you simply “click play” to use.

2. Analytics

Continue to make more use of less structured and dirtier data.

3. More textual analysis

Use linguistic sentiment knowledge to identify “hot” discussions and find other meaning in large bodies of text.

4. Easier-to-implement statistical tools

Make analytics more predictive and forward-looking.

Few people will be surprised to hear that technology is getting increasingly sophisticated in these areas—but we really don’t need next-generation tools to create billions of dollars in impact.

Instead, what we really need to do is re-imagine how we approach audit resource challenges.

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Death of the Tick Mark, Birth of the Sought-After Internal Auditor

eBook: Death of the Tick Mark, Birth of the Sought-After Internal Auditor

ACL’s very own Internal Auditor turned Chief Product Officer, Dan Zitting, gets up close and personal about his very own audit career. He also highlights:

  • How internal auditors can become rockstars by efficiently spending their time on what matters
  • Where audit and audit technology is headed… what this means for you and how you can get ahead of the curve
  • Stories that will make you realize you’re either the one creating automation…or you’re the one being automated

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