Name

Using Data Analytics in Audit

Description

Using Data Analytics in Audit

Phase 1 – Scope & Plan
Objective
Define the objective(s) or business questions and plan to conduct the analytic.
Key Activities
• Identify the audit objective(s) of the analytic
• Determine the approach to achieve the audit objective of the analytic
• Identify the data elements required to execute the approach
• Discuss the approach with data owners, IT Department and key stakeholders
• Identify Systems, Data Storage, Data Owners, Data Format (specs) and File Requirements
• Plan, prioritize and document the tests (in plain language)
Deliverables
• Analytic Requirements Document
• List of data sources and expected outputs
• Resource plan, timelines and estimated effort

For the other phases and ideas for using data analytics in other audit areas login to download this template.

IT Audit Program

Download

This file is only available to premium subscribers or site license users. Please log in or sign up for a subscription to get this file.

Subscription Level

Type

Procedures

Language