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Data Analytics in Internal Audit

Rating:
4.8
English
Intermediate
7 Nasba
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Course Overview

This hands-on program aims to give the participants an understanding of the types of analytics, its benefits, the various standards of analytics along with their respective limitations. Data is the backbone of any well-informed decision, hence a vital component in driving the strategy and future growth of a company. Are you ready to make the most of these opportunities and boost your career by learning analytics in audit?
In this program you’ll learn the methods, processes, and systems to use data and extract knowledge that will inform better decisions, drive performance and profitability. You’ll understand how to visualise and present data to influence the decision-making process with solid evidence. Throughout the program, there will be group discussions, case studies and practical analytics as attendees will learn the different types of analytics modes.
Participants will also be given the opportunity to experience “hands-on” in building a Machine Learning model of a business process and discover relationships within datasets. Software and datasets for all modules will be provided during the course. This program will equip you with the technical skills, adaptability and creative mindset to make sense of data, translate it into actionable insights and drive innovation.
That’s a serious edge for your audit career!

Key Takeaways

1
Understand of the types of analytics, its benefits, the various standards of analytics along with their respective limitations
2
Use visualization and present data to influence the decisionmaking process with solid evidence.
3
Discover relationships between multiple datasets and business processes
4
Implement Payroll and Purchasing analytics based on exercises provided in the course
5
Design and execute fraud detection analytical routines

National Association of State Boards of Accountancy
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LEORON Professional Development Institute DMCC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

Course Outline

Day 1
Essential Analytics in Audit
→ Identify opportunities to use Analytics in audit reviews and projects
→ Learn a step-by-step process for using Analytics
→ Understand the tools available in the market and how to select one
→ Review and adapt provided analytics routines to your needs
Practical work: Perform analytics on Payroll and Procurement datasets with no coding
Day 2
Advanced Analytics in Audit
→ Understand the concept, benefits and drawbacks of Advanced Analytics
→ Learn fundamentals of databases and how to use them in Audit analytics
→ Review complex analyses, based on reallife case studies
→ Connect multiple, disparate sources into a single pipeline for analysis
Practical work: Access and analyze data in the cloud; perform 3-way matches and other analyses with no coding; run Money Laundering detection processes
Day 3
Business Intelligence & Visualisation in Audit
→ Understand Business Intelligence and its use in Audit
→ Learn Continuous Assurance/Continuous Auditing and their main and secondary uses
→ Grasp how Continuous Assurance and Continuous Auditing support the “Three Lines of Defence” model and implement it
→ Learn to make appealing visualisations and use them for data story-telling
Practical Work: Use a cloud BI solution for audit analytics; visualize and explore datasets in the cloud
Day 4
Big Data in Audit
→ Understand Big Data and its characteristics
→ Discover and access external data in various Government and private online repositories
→ Identify opportunities to apply Big Data in Audit
→ Learn to evaluate most popular Bid Data tools and how to select one
Practical work: Access and analyse datasets from World Health Organisation
Day 5
Artificial Intelligence in Audit
→ Understand what Artificial Intelligence (AI) is and how to use it in your organisation
→ Appreciate the categories and types of AI and how to select the most appropriate one for a specific business need
→ Create an AI model to be used for project risk assessments and predictions
→ Learn the methodology for using AI in Audit
Practical work: Train an AI solution and apply it in project risk assessments.

Who Should Attend?

This highly practical and interactive course has been specifically designed for
→ Internal Audit Professionals, Chief Audit Executives
→ IT Management Professionals
→ Risk Officers & strategic management members
→ Internal control professionals

FAQ

What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or [email protected]
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

Reviews

  • Review:
    IAMM Internal Audit Maturity Model
    In recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!
    Dalal Kutbi
    Country Learning & Development Manager at IKEA Saudi Arabia
  • Review:
    Certified Professional in Quality and Patient Safety
    Dating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,
    Turki S. Alsahaan
    Dir L&D, Talent Management at Mobily, Etihad Etisalat Company
  • Review:
    Certified Professional in Quality and Patient Safety
    Since the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.
    Emad Alrajih
    VP, Business Winning at BAE Systems Saudi Development & Training
  • Review:
    Certified Professional in Quality and Patient Safety
    We have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,
    Nasser M. Al-Subaie
    Sr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen