Risk management and a tool to help you identify the risk BEFORE it becomes a major issue….. Leadership and management — good read
Excerpt……..In a previous article, we looked at how internal audit’s knowledge of data analysis technology could help the business to identify financial control risks, compliance failures and problems in business transactions. The vision for an increasing number of organizations is for the ongoing testing of entire sets of financial transactions against a comprehensive range of controls and compliance requirements.
The objective is not to inundate business and financial managers with masses of data on exceptions for investigation, but rather to provide valuable insights into trends and areas where control issues are becoming of significant concern – as well as to highlight high risk transactions and specific instances of fraud, error and abuse that need to be addressed.
Read full article…..via Identify Financial Risks with Audit Analytics | Business Finance.