Leveraging Internal Audit Data Analytics in Unusual Places: Acquisitions

During the due diligence for an acquisition target, Internal Audit was invited to participate in the due diligence. We needed to perform a financial and operation audit as the target not publically traded and the executives felt we needed our own independent verification of the financial information being provided to us. Additionally, the board wanted an estimated budget for getting the acquisition target – a private company – Sarbanes-Oxley (SOX) compliant.   As a CISA and member of the corporate audit team I was asked to provide some guidance for IT SOX controls.  It was my first acquisition due diligence, so while I was a bit hesitant I was very excited to experience something new. Once onsite at the target company Read More

The Empower Audit team is once again recognized as authorities and pioneers in Data Analytics

Empower Audit is raising the bar on Data Analytics.  Not only are we recognized as authorities, but we are pioneers reinventing and creating new ways to use Data Analytics. Are you using Data Analytics?  Do you feel like a data superhero?  Do you feel like you have maxed out?  Do you want to go beyond AP and Payroll? The IIA and ISACA have asked us to lead a session to show people how to revolutionize risk and control management.  Keith Barber and I will be leading the session at the IIA/ISACA GRC Conference in Phoenix, Arizona in August. During my career as a CAE, I developed plans to revolutionize how Data Analytics could be used.  Partnering with Keith Barber, who is Read More

5 Critical Rules for Starting a Successful Data Analytics Program – One: Partnering Expertise

Developing a data analytics program is challenging. When implementing a data analytics program most departments decide whether to hire a data analytics expert or to try and develop the skill set internally.  When opting to build the skills sets internally there can be a lengthy and frustrating learning curve. But when bring in an expert from the outside, whether a full-time hire or a consultant, there is an equally challenging learning curve. This curve can be significantly shortened if approached correctly. They key to quickly achieving results when starting a data analytics program is to partner business experts with the data analytics expert. The partnering of these two skills sets can result in quick successes from the start, ultimately building Read More

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