Webclass 59: The effects of data analytics to the internal audit profession

Q1. What response did most people vote for on the Poll question?

Not using data analytics yet

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Using data analytics sometimes, but only manually in Excel

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Q2. Does Salih think that data analytics speeds up problem-solving?

Yes

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No

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Q3. What is one of the ways Salih says that data analytics speeds up audit?

Creating quick connections between departments for risk analysis

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Being able to automate the testing of samples

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Q4. Does Salih think that we will still use samples in the future?

Yes – but focused samples

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No – data analytics replaces samples

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Q5. Does Salih think that management now expects real-time information?

Yes

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No

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Q6. How does Salih say that analysing patterns in the data can help?

Helps to infer meaning from the data and also predict future events, such as future maintenance issues/ detecting fraud before it becomes front-page news

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Helps to make the data more fun to work with

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Q7. How does data help us to measure control failures?

Because we can quantity the value of exceptions to internal controls: for example the total value of sales orders with incorrect discount percentage

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Because it helps us to identify specific control gaps

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Q8. Does Salih think that visualization is important?

Yes, because human-beings are more often video processors

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No, visualization is a buzz-word/ "icing on the cake"

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Q9. Does Salih think that data analytics helps audit to build a framework?

Yes, because it structures the audit approach through automated tasks

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No, because data analytics is more about analysing unexpected patterns

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Q10. What were the 5 advantages of data analytics mentioned by Salih?

1/ Testing of full populations; 2/ Efficient & repeatable; 3/ Undisputed results; 4/ Enhanced risk assessment for audit area selection; 5/ Targeted samples for testing

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1/ Testing of full populations; 2/ Quicker audit turnaround time; 3/ Less time required to interview auditees; 4/ Enhanced risk assessment for audit area selection; 5/ Sampling approach no longer needed

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Webclass 59: The effects of data analytics to the internal audit profession

Webclass 59: The effects of data analytics to the internal audit profession

admin June 9, 2026

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