Data analytics allow internal auditors to focus their resources on high risk transactions and provide management with a higher level of operational assurance. A proven process includes the following steps:

Utilize the KnowledgeLeader website and perform the following:
A. Authenticate to the KnowledgeLeader website using your username and password.
B. Perform research and identify various effective data analytic techniques. Compare and contrast these techniques with the model presented above and in the chapter. How do they differ? How are they similar?
C. Submit a brief write-up indicating the results of your research to your instructor.

Define the question Obtain the data Clean and normalize the data Analyze the data and understand the results Communicate the results