Literacy, Governance and Management
What does GDPR stand for?
General Data Protection Regulation
What is the importance of data in internal auditing?
Risk assessment & prioritization, Performance reporting, Fraud detection & prevention and Continous auditing & monitoring.
Name 2 benefits of Data analytics and technologies
Easily Identify Risks
Automates Tedious, Repetitive, Manual tasks
Recruiting New Employees
Convert Data Sets Into Graphs
What is Big Data?
Large volumes of data that a traditional database can not handle.
Name one tool used for supporting internal audits:
Data analytics tool, Artificial intelligence, Robotic process automation and Cloud and big data platforms.
List the 4 types of Analytics:
Descriptive, Diagnostic, Predictive and Prescriptive
Finish the sentence: "Companies do not need all the data ____"
"Just the right data"
Name 3 techniques for gathering audit relevant data
Interviews and Focus Groups, checklists and questionnaires, process observation, vertical auditing, formal documentation reviews and informal documentation.
Who said the following quote “IF THE WHOLE AUDIT TEAM IS RESISTANT TO NEW APPROACHES OR QUESTIONS THE VALUE, IT IS VERY DIFFICULT TO CHANGE,”
YUSUF MOOLLA