Like nearly every other profession in the business world, internal audit and other controls & assurance functions have been forced to cope with the extraordinary environment brought about by COVID-19. Skills, methods and tools that have been advanced and adopting gradually over the past several years suddenly became critical for successful performance. One key area of learning from the pandemic is the importance of making the best possible use of data and digital tools.
So, imagine if you could use your transactional data to reveal how processes are actually working and automatically identify instances of deviation from desired processes, control failure, control design deficiency or operational ineffectiveness.
Following this webinar, you will be able to:
- Explain how process mining helps identify not just “what” went wrong but “to what extent” and “why”;
- Understand the value of delivering data-driven improvements to the control assessment process;
- Describe how analytic tests are not only applicable to limited to control compliance assessment but can also be designed to focus on process efficiency;
- Have an appreciation for what is possible when it comes to analytics and continuous monitoring of transactional data.
No prerequisites required. Level: basic. Field of study: Auditing. Instruction delivery method: Group Internet Based. Elements of Engagement: Polling Questions.
Protiviti is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding administrative policies, complaints and refunds please contact the Protiviti CPE Administrator at [email protected].