Page 30 - Verracy's 2019 Course Catalogue

Data Analytics

Using Data Analytics to Improve Fundamentals of Data Analytics
Internal Audit HANDS ON

DA-101 16 DA-102 16

CPEs CPEs

Data analytics programs are an excellent opportunity for audit Internal audit departments are expected to help organizations
functions to truly add value to their organizations by enhancing improve business processes, ensure regulatory compliance,
assurance for audits, expanding coverage, enabling fraud detec- fight fraud, and get to the root cause of organizational issues.
tion and reducing efforts for Sarbanes-Oxley. Good programs Data analytics programs can help audit functions meet those
help audit functions to be efficient, scalable, reduce errors and expectations and be more efficient, scalable, reduce testing
provide greater audit and fraud coverage. However, implement- effort and audit errors, while providing greater assurance and
ing and expanding a program can be challenging. A successful audit and risk coverage. Effective programs provide long-term
program requires many different skills sets and rarely does a continuous auditing and monitoring for legal and compliance
single individual possess all the necessary skills. Proficiency issues as well as the ability to perform ad hoc audit testing,
with a data analytics tool is only one piece of the puzzle. Lever- operational analysis, and fraud investigations. Data analytics
aging the knowledge of the entire audit team is what makes data programs are the cornerstone of fraud detection for many
analytics programs successful. That requires educating the entire organizations, providing audit and fraud teams the ability to
team on data analytics – what a program can provide, and what identify red flags in real time.
will make it valuable for audit and the organization.
This course teaches participants to develop data analytics
This course will help auditors understand what data analytics scripts to support an audit. The course is interactive, and
can do, what is required for a successful program, what areas to participants will learn through a combination of lecture, live
targeted, and most importantly, why everyone’s skills and knowl- demonstrations, and hands-on exercises.
edge are needed. Participants will learn interactively through
a combination of lecture, case studies, demonstrations, and Bonus: all registered attendees will receive a trial version of
exercises. the software and best practice templates.

What You Will Learn: What You Will Learn:
• Understanding data analytics concepts • Importance of planning objectives
• Understanding continuous auditing and continuous • How to process data from any source
monitoring • Identifying outliers or issues
• Identifying how data analytics adds value and efficiency • Analyzing data from various sources
to your audits • Applying basic fraud techniques
• Learning how to implement data analytics programs and • Setup-based repetitive procedures to support continuous
overcoming the common challenges auditing/monitoring
• Understanding databases, schemas, entities, attributes,
tables, fields, etc.
• Learning data analytics fundamental approaches and
some advanced techniques
• Learning how to present your findings in a compelling
manner

Group Live | 2 Days | Intermediate | Auditing Group Live | 2 Days | Intermediate | Auditing
Who Should Attend: Internal Audit Staff & Management Who Should Attend: Internal Audit, Accounting & Operations
Prerequisites: Auditors with at least 2 years experience Staff & Management
Prerequisites: Professionals with at least 2 years of experience