Data Analytics in Internal Audit

This article discusses the critical role data analytics plays in modern internal auditing, particularly in managing big data for continuous auditing and real-time risk management. Data analytics allows auditors to process large datasets, uncover risks, and provide timely feedback, enhancing decision-making processes. However, internal auditors face challenges such as skill gaps, data quality issues, and the costs associated with adopting new technologies. The article concludes that auditors must develop the necessary skills and integrate data analytics tools to remain relevant in the evolving digital landscape.