Data Analytics and Financial Compliance:

How Technology is Changing Audit and

Business Systems
ANALITIC BIG DATA

AZMI MUZAL - 123012201025

JOFINKA SALSABILLA - 123012201025
d

Understanding Data Analytics

TABLE OF Software Solutions

CONTENTS
2 Use of Analytics by Internal
Auditors

Use of Analytics by External

Auditors

The Future of Analytics in

Audit
UNDERSTANDING DATA ANALYTICS SOFTWARE
SOLUTIONS

Data Analytics is a process for examining useful data to derive

conclusions from existing ones and improve system and software
specialization.
d
GENERAL USES OF DATA
ANALYTICS
4 Simplify Statistical Making Calculation Time
Calculations Efficient

Providing Solutions for Accurate and Reliable

Business Interests Calculation Results
d
In part one describe three of the many data analytics
software solutions available : ACL, CaseWare IDEA, and
Surveillance Systems Insights On Demand (IOD).
10

Audit Command CaseWare IDEA Insight On Demand

Language (ACL)
Analytics is a data Data Analysis software is a is the data mining tool used
extraction and analysis powerful and comprehensive to adjudicate cases and
software used for fraud tool that enables professionals perform oversight
detection and prevention, to assess risk, gather evidence,
functions.
and risk management uncover trends, and provide
the intelligence needed to
make more informed decisions
from multiple data sources
 Data analytics solutions provide the means
to replace traditional sampling techniques

Analytics
with reviews of entire data populations. The
identified potential exceptions and outliers
can then be evaluated.

Software To manage a process, look at what the

outputs are, measure them, appraise them,
and make corrections or improvements

Views on The analytic output is not the end of the story. The
individual consuming these insights needs to

the Use of
respond to them.

The role of analytics is to pursue the type of

issues for which you can’t create preventative

Analytics controls efficiently.

USE OF ANALYTICS BY INTERNAL AUDITORS
d

Audit Quality

main purpose
of internal
2 to effectively analyze large
data samples

audit efficiency