Author

Tariq Islam PMIIA, BEng(First Class Honours), BMaths&ComputerScience, DCAM

Date

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Extract/Description

Resourcing data analytics work within internal audit is often a barrier when intending to utilise data analytics as a technique to enhance internal audit effectiveness and efficiency. This White Paper outlines different resourcing options that can be used by internal audit functions, including the advantages and disadvantages of these options.

Key Points

1. Data analytics should be utilised by all internal audit functions irrespective of the size of the organisation and size of the internal audit function.
2. There is no ‘one-size fits all’ approach to resourcing data analytics work for your internal audit function. A combination of the resourcing approaches outlined in this White Paper may be an option which would naturally evolve over time as data analytics capability matures.
3. The overarching ambition should be to resource data analytics work so that it helps achieve the technology aspect of the internal audit strategy or separate internal audit data analytics strategy if this has already been established.

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