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    Conor McGarrity

    Fri, Jun 19 2020 11 min

    Efficiency audits: why you shouldn’t avoid them and how to tackle the objections

    The public and parliamentarians are demanding more value from public services. But what does bang for the audit buck look like for your team or your audit office? Efficiency audits need to be prominent in your audit mix. More efficiency audits. Better economic and social outcomes. Read More

    Yusuf Moolla

    Tue, Jun 2 2020 11 min

    A broader perspective on how auditors can use data for efficiency

    Using data for our audits can help improve efficiency. But not only in a traditional sense. Audit efficiency and audit effectiveness are important objectives. Most discussions about using data to achieve those objectives have an inward focus.How can we make our audits more efficient? The audit team's process, as opposed to broader efficiency. We can extend that. To consider efficiency outside of the audit team. You can make a whole bunch of tweaks within the audit team. Changing audit processes to be more efficient. But where you're going to get far better value is beyond the audit team. By also focusing on efficiency for the organization. Read More

    Yusuf Moolla

    Wed, May 13 2020 10 min

    Combine performance and risk indicators using relative or absolute rankings?

    There is an increasing variety of internal and external (including open) data available to help us direct our audit efforts. We use these to create a range of meaningful indicators. But we sometimes find it difficult to bring them together when we are trying to understand relative performance across many indicators at once. Read More

    Conor McGarrity

    Thu, Apr 16 2020 4 min

    Crisis as an opportunity to reset strategic assurance priorities

    Infrequent but significant crises present new challenges for assurance leaders. But with challenge comes opportunity. These events are a good opportunity to reassess how assurance activity is performed and, most importantly, how it can be improved. Read More

    Yusuf Moolla

    Thu, Mar 26 2020 7 min

    Principle 3: Maximize benefits - data and analytics governance within IA

    This article focuses on principle #3 – Maximizing data and analytics’ benefits. This includes sharing information among the team, identifying other risks and opportunities, continuous improvement. But why is maximizing benefits so important? Read More

    Yusuf Moolla

    Mon, Mar 2 2020 8 min

    Principle 2: Quality - data and analytics governance within IA

    This article focuses on principle 2: Quality - for data and analytics governance within the Internal Audit function. Read More

    Yusuf Moolla

    Mon, Feb 17 2020 9 min

    3 key principles for data and analytics governance within IA

    This article sets out 3 key principles for Data and analytics Governance within Internal Audit (DGIA). A core set of guidelines that we, as internal audit professionals, can check ourselves against in planning for and using data and analytics. Read More

    Yusuf Moolla

    Mon, Feb 3 2020 8 min

    Controlling access to data within the audit team – open or closed?

    Which of these two options is more appropriate: Open access (entire audit team) or Closed access (specific audit team members). Read More

    Yusuf Moolla

    Wed, Dec 4 2019 7 min

    Why auditors need a specific data governance and management approach

    Why you, as an auditor, need to think a bit differently to the rest of the organization, and specifically govern the management of data that you collect and the analytics that you conduct. Read More

    Yusuf Moolla

    Thu, Nov 21 2019 8 min

    Why are auditors increasingly using complaints & customer feedback data?

    The core problem is that most of the valuable information is in free text form. This has historically been difficult to process because it does not have the typical structured format that most analytics requires. But this is changing. Read More

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