1 . What are four reasons internal audit functions should develop an audit data analytics strategy? 2...

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Question:

1 .

What are four reasons internal audit functions should develop an audit data analytics strategy?

2 .

What are the eight key steps involved when the internal audit function performs data analytics?

3 .

Give five examples of where internal auditors can apply data analytics.

5 .

Explain the four Vs of data: volume, velocity, variety, and veracity.

11 .

Based on Standards

2310

and

2320,

explain why the internal auditors should use a data analytics framework.

Posted Date: May 07, 2024 03:22 AM

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1 . What are four reasons internal audit functions should develop an audit data analytics strategy? 2...

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Expert Answer:

1 Four reasons internal audit functions should develop an audit data analytics strategy a Enhanced Efficiency Data analytics can automate processes allowing auditors to analyze large datasets quickly ... View the full answer

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