5. The five most commonly cited challenges when using data for audits (Part 1)

Auditing with data: for Performance Auditors and Internal Auditors that use (or want to use) data

In this episode we discuss five key challenges that assurance professionals - internal auditors and performance auditors - face in using data for audits.
This is part 1 - outlining the challenges. In parts 2 to 6, we will discuss solutions to each challenge individually.
The five items are:

1. Access to data - you can't get all the data, or you can't get it quickly enough.
2. Low value - the analysis doesn't provide new insights.
3. False positives - too many of them; results are overwhelmingly noisy, distracting your focus.
4. Superficiality - the results are not deep enough to properly understand and refine the problems or to provide opportunities for improvement.
5. Reporting - the results are not available in time for reporting, the report is not tailored to the audience.

About this podcast
The podcast for performance auditors and internal auditors that use (or want to use) data.
Hosted by Conor McGarrity and Yusuf Moolla.
Produced by Risk Insights (riskinsights.com.au).