Webclass 37: Framework - How to get your auditors and colleagues into data!

Q1. What are the 4 Ts?

TOP Management

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Tool

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Tests

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Team

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Training

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Q2. What were key success factors for the drinks company?

Super-hire

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Planned mapping

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Head of internal audit direct involvement

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Having a very technical tool

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Q3. What are examples of factors creating difficulties?

Lack of guidance from management

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Tool not "non-tech" friendly

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Change in director of internal audit

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Conflicting agendas from management

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Overly high-expectations on the time required to learn a tool/ technical skills

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Get external support from an expert

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Q4. How can the decision matrix help you?

Identify if there is a real reason why you definitely need to use data analytics in audit

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Identify how it should be decided when data analytics needs to be used (which business process/ entities/ regions/ frequency)

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Anticipate any barriers that will get in the way

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Be able to clearly make a statement for the project that can help when communicating with the Audit Committee/ Board Of Directors

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Identify the specific data analytics tests that you want to do

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Q5. Why might you especially consider using a decision matrix for countries that have a high CPI?

Because in countries that have a high CPI, it is more likely that there will be pressure to carry out corrupt practices, as well as a heightened probability of whistle blowers and oversight bodies.

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Because it is less likely that there is fraud in those countries

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Q6. Which items should be included in the budget for the data analytics project?

Data analytics software costs

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If necessary, separate costs for extracting from SAP

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Hardware costs

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Operating system costs

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Security costs for protecting the server (cloudflare/ pentest/ anti-virus/backups)

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Internal audit data analytics resource

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External data analytics resources/ off-the-shelf dat analytics

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Staff annual training

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Office-space costs

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Q7. Which cost-saving aspects can be used to make a business case?

Reduction in internal audit head-count

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Reduction in T&E requirements

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Reduction in cost due to international fines, in case of a fraud

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Redution in cost due to legal fees, in case of a fraud

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Reduction in cost relating to fraud cases

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Reduction in cost of training

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Q8. Why might the choice you make for a tool lock you in for a long period?

Because it can take you a long time to build the tool

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Because it can take a long time for people to be trained on the tool

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Because it can take a lot of investment to build the infrastructure around the tool

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Because the best tool is the most flexible one

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Q9. What are the advantages of using an RCT mapped to a data analytics matrix?

Auditors know what they need to do

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Easy to map to data analytics

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Easy to write instructions for those data analytics and what to do with them, as part of the audit plan

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Easy to ensure that certain data analytics are done

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Easy to set goals for data analytics completed

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Auditors see data analytics as "part of their work" and not "extra work"

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Auditors might not "think-out-of-the-box"

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Q10. How can we go one-step further to ensure that auditors know what to do with the dashboards?

Give the auditors template workpapers for each dashboard with instructions on how to take a sample and what questions to ask when they are doing the sample

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Ensure that the auditors have a deep understanding of all of the code that is written under each dashboard

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Webclass 37: Framework – How to get your auditors and colleagues into data!

Webclass 37: Framework – How to get your auditors and colleagues into data!

admin June 9, 2026

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