Insights that mitigate risk: IARCS Data & Analytics factsheet
Insights that mitigate risk
Organisations have a strong desire to effectively leverage technology. We help them improve and transform the approach to risk and internal audit through Data and Analytics.
Traditionally a top-down (qualitative) approach is used to assess Risk and Internal Audit manually tests controls and samples a small population to measure control effectiveness.
Data and analytics is the process by which insights are extracted from data through a bottom-up (quantitative) approach that is less subjective, more effective, with an expanded scope, at a lower cost.
How KPMG can help:
- Maturity assessment
- Training
- CRA framework and model
- DA and IA review
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