Spending better. Doing more with less. Trimming the fat. All phrases that are (re)entering business lexicon as organizations continue to prepare for economic uncertainty. All phrases that ultimately mean the same thing. Prioritize.
Risk and Audit teams, like their first line counterparts, react accordingly. For some, it's business as usual because the work will always be there. For others, it means downsizing and using contractors to augment projects. For others still, it's putting in afterhours and weekends just to stay afloat. We are going to take a step back from the latest industry-specific regulations and niche, esoteric analytic techniques. Instead, we will get back to the basics by revisiting and becoming reacquainted with a foundational concept made even more important in these times of resource scarcity: risk-based, data-driven auditing.
In this session, you will learn different ways to:
Spend better. Apply the appropriate level of effort based on the maturity of your data program and desired outcomes.
Do more with less. Leverage data beyond sampling and exception testing to better build rapport with your auditees and stakeholders.
Trim the fat. Make defensible, risk-based strategic scoping decisions using common and not so common risk indicators.
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