Audit transformation through innovation and technology

Services

Audit transformation through innovation and technology

By capitalizing on the wealth of data now available from both your own business activities and external sources, internal audit (IA) can generate valuable new insights. Not only does this lead to greater assurance, it rewrites the rulebook on traditional auditing techniques. By embedding analytics in every phase of the audit process, IA can assist the business in navigating a world that has become more volatile, uncertain, and complex.

Benefits of an insights-driven approach

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Perform the same audit faster
Perform the same audit faster
Perform the same audit cheaper
Perform the same audit cheaper
Perform better audits
Perform better audits
Make innovation a centerpiece
Make innovation a centerpiece

Deloitte IA Analytic Solutions

Business Process Analytics

Business Process Analytics

Targeted analytics powered by Business Intelligence and Process Mining, solutions enable enhanced visibility and allow the business to meet its Compliance, Governance, Operational, and Strategic objectives across different business processes.

Risk Assessment and Scoring

Risk Assessment and Scoring

Assess enterprise-wide risks by leveraging data from multiple sources and running it through a customized risk model, creating an objective view of risk across the audit universe.

Recovery Analytics and Vendor Audits

Recovery Analytics and Vendor Audits

Gain strategic insights into how your organization spends money on vendors and identify recovery and cost-saving opportunities by analysing large volumes of transactions, which are stratified or clustered into relevant classifications.

Data Visualization

Data Visualization

Uncover patterns and observations that would not be obvious from reviewing statistics and numbers alone. Visualization of data shifts the balance between cognition and perception, allowing for greater use of visual perception. Interactive and automated reporting can convey audit results to Management in the most effective and efficient way.

Other Analytics solutions

Other Analytics solutions

These include development, visualization and monitoring of key risk indicators, analysis of company information from online publications and social networks using Risk Sensing technology, analytics for identifying risk areas in freight operations, materials pricing, IT spending, incident management, advertisement and media placement, and others

Capabilities of Digital Testing & Controls Automation (DTCA)

Our DTCA solution will help you automate the execution and testing of controls using rigorously considered methodology, analytics, tools, and technology. This will allow you to evaluate processes in real time rather than waiting for testing results, thereby flagging controls that fall out of the normal range and enabling process owners to deal with issues immediately.

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Value across the enterprise
Redused risk profile
Redused risk profile
Utilizing 100% of populations, rather than selected samples
Increased efficiencies
Increased efficiencies
Require less manual effort to perform and/or test controls
Refocused resources
Refocused resources
Redeploy FTEs to activities with greater value and higher priority
Enhanced insights
Enhanced insights
Reveal trends in the data to enable process improvement
Continuous monitoring
Continuous monitoring
Increases transparency throughout the organization
Modernized Controls
Modernized Controls
Create a blueprint to automate control execution and lower operational costs

Introducing control automation techniques (for testing and/or execution) requires a proprietary four-phased approach:

  • Analyze. Understand your current control environment, conduct a cost-benefit analysis, and prioritize the controls you wish to automate.
  • Map & Extract. Identify and map data from various sources to create a consolidated data set that becomes a single source of truth.
  • Build & Test. Write scripts and apply them to the consolidated data to automate control execution/testing.
  • Finalize & Present. Present results through rich visualizations using executive dashboards and/or interactive control views. KRIs/KPIs are monitored for rapid response and resilience.

DTCA delivers meaningful business insights and improves outcomes

Below is a small sample of our results:

55%

A 55% reduction in hours spent testing controls as a result of DTCA implementation. Highly skilled resources were redeployed to more complex and value-aligned activities (i.e., root cause analysis and process re-engineering).

81%

DTCA analytics identified previously undetected breakdowns in governance over change management: 81% of change requests were fulfilled the same day they had originated, indicating systemic protocol violations that posed a heightened risk of improper changes to the IT environment.

100%

DTCA is used by one organization to monitor that 100% of their terminated users are removed from company systems. This is accomplished by automatically checking HR master data against applications, databases, and infrastructure.

Key contacts

Sergey Kudryashov

Sergey Kudryashov

Partner, Risk Advisory

Sergey is leading Operational Risk and Crisis Management practice in Risk Advisory. Sergey has over 15 years of internal audit, control, and risk management experience in Russia. He also has exposure ... More

Marina Yun

Marina Yun

Senior Manager, Risk Advisory

Marina is a Senior Manager in Risk Advisory at Deloitte CIS, she has over thirteen years of audit and advisory experience in Russia. From 2010 year Marina participated in internal audit automation pro... More