Internal Audit

Self-service analytics and data democratization

12 min read
EXECUTIVE SUMMARY - INTERNAL AUDIT

Enable risk-based auditing with continuous monitoring and data-driven audit planning

THE CHALLENGE

Audit teams spend significant time on manual data extraction and analysis, limiting coverage and the ability to perform continuous auditing.

THE SOLUTION

An audit analytics platform with automated data extraction, continuous monitoring, and AI-powered risk assessment for audit planning.

PROJECTED IMPACT
2x
Audit Coverage
-80%
Data Extraction
5x
Risk Detection

Current Assessment

Analytics maturity and readiness evaluation

MATURITY LEVEL
2/5
Developing
Current State
STRENGTHS
  • Strong audit methodology
  • Clear risk framework
  • Management support
GAPS TO ADDRESS
  • !Manual data extraction
  • !Limited continuous monitoring
  • !Point-in-time auditing only
Analytics Readiness Score38%

Portfolio Overview

Current analytics assets and usage metrics

45
Reports
28
Active Users
4
Data Products
6
Dashboards
REPORT BREAKDOWN BY CATEGORY
Financial Audits15 reports (33%)
Operational Audits12 reports (27%)
Compliance Audits10 reports (22%)
IT Audits8 reports (18%)

Implementation Roadmap

Phased approach to analytics enablement

Phase 1UpcomingQ2-Q3 2025

Foundation

DELIVERABLES
  • Audit Dashboard
  • Risk Assessment Tool
  • Data Extraction Automation
SUCCESS METRICS
User Onboarding15 users
Automation Rate40%
Phase 2UpcomingQ4 2025-Q1 2026

Expansion

DELIVERABLES
  • Continuous Monitoring
  • Exception Reporting
  • Trend Analysis
SUCCESS METRICS
User Adoption22 users
Automation Rate65%
Phase 3UpcomingQ2-Q3 2026

Advanced

DELIVERABLES
  • AI Risk Scoring
  • Predictive Audit Planning
  • Real-time Anomaly Detection
SUCCESS METRICS
User Adoption28 users
Automation Rate80%

Initiatives Progress

Overall progress tracking for all initiatives

STATUS BREAKDOWN
Completed
0
In Progress
0
Planned
3
Backlog
2
5 Total Initiatives0 Active
PROGRESS METRICS
Overall Progress8%
Critical Initiatives (2)18%
0
Delivered
0
In Flight

Initiatives Backlog

Analytics initiatives and projects for Internal Audit

CRITICALPlanned

Audit Analytics Dashboard

Centralized audit planning and execution tracking

20%
TIMELINE
2025-Q22025-Q3
Owner: Audit Management
DELIVERABLES
  • Audit universe view
  • Audit plan tracking
  • Finding management
DEPENDENCIES
Audit data consolidation
CRITICALPlanned

Data Extraction Automation

Automated data extraction from audit target systems

15%
TIMELINE
2025-Q22025-Q4
Owner: Audit Analytics
DELIVERABLES
  • Extraction scripts
  • Data quality checks
  • Audit data mart
DEPENDENCIES
System access setup
HIGHPlanned

Risk Assessment Tool

Quantitative risk scoring for audit planning

5%
TIMELINE
2025-Q32025-Q4
Owner: Audit Management
DELIVERABLES
  • Risk scoring model
  • Audit prioritization
  • Coverage analysis
DEPENDENCIES
Risk data integration
HIGHBacklog

Continuous Monitoring

Automated continuous monitoring for key controls

0%
TIMELINE
2025-Q42026-Q1
Owner: Audit Analytics
DELIVERABLES
  • Control monitoring dashboard
  • Exception alerts
  • Trend analysis
DEPENDENCIES
Control data access
MEDIUMBacklog

AI Anomaly Detection

ML-based anomaly detection for audit procedures

0%
TIMELINE
2026-Q22026-Q3
Owner: Data Science Team
DELIVERABLES
  • Anomaly detection models
  • Risk indicators
  • Predictive audit planning
DEPENDENCIES
ML PlatformHistorical audit data