Process mining is considered a valuable technology for process owners or actors in the Internal Control System to ensure a correct performance of business processes. Why should process mining not also be integrated as a defined approach in Internal Audit?
On 23 and 24 September 2021, the 40th annual conference of the Institute of Internal Audit Austria will take place in the beautiful Schönbrunn Palace in Vienna and we from dab: Daten - Analysen & Beratung GmbH may welcome you with our own booth at the event.
A journey into the world of data analysis that was worthwhile.
Atlas Copco is a global industrial group that supplies customers in over 180 countries with products and solutions in the fields of compressor, industrial and construction technology. Developing and advancing (industrial) innovations that promise its customers high and sustainable productivity is part of the Atlas Copco Group's corporate vision and an integral part of its daily operations.
The Institute for Internal Audit Austria invited us on 23 and 24 September 2021 to the 40th annual conference in Vienna. After a long time we were very happy to be able to participate in an event of the IIA Austria in Vienna and that in a beautiful setting - in the Apothekertrakt of the Schönbrunn Palace. We had nice conversations with familiar faces, but also insightful discussions with interested auditors on the topic of automated data analysis in the environment of audit management.
In the webinar on 8th of September at 10am CEST Joris Cuppens, auditor at Atlas Copco, and Philipp Kiencke, consultant at dab and contact person for Atlas Copco, will look back at their five-year journey of implementing data analytics for their internal audit function.
HUGO BOSS is considered one of the leading companies in the upper premium segment of the global apparel market. In line with their corporate strategy of being customer-centric, dynamic & data-driven, HUGO Boss Internal Audit strives to achieve this strategic benchmark. As a Trusted Advisor, the audit team aims to create added value for the departments with their work outside of the audit process.
Essential components of the HUGO BOSS strategy are, on the one hand, customer centricity and, on the other, that decisions are made quickly and based on data. What comes out of applying this approach to the work of internal auditing?
With our solution the dab: Exporter we do not only want to give our customers an easy way to their data. Our technology should integrate smoothly with all SAP solutions and give our users a good feeling about security and quality requirements.
Today's blog post is a guest contribution by our long-time companion in data analysis, Mr. Ernst-Rudolf Töller. Mr. Töller worked as an IT auditor for auditing companies for more than 25 years, during which time he was deeply involved in data analytics issues. He worked for BDO AG, Hamburg until his retirement at the end of February 2016 and has since been in active retirement. During his work as a "data scientist", he was involved in audits of annual financial statements as well as in investigations of fraudulent acts or projects to support internal auditing. His focus was and still is on mathematical-statistical models for data analysis as well as their implementation with programs such as ACL and WINIdea.
Why data analysis? Which resources and tools are necessary for this? For what is DataConsulting the right partner? So many questions at the same time - After the webinar from our long-term sales partner DataConsulting on 21st May 2021, you will certainly have the right answers ready.
We clear up prejudices. Some fear that as a result of automating process flows, jobs could become obsolete. The opposite is true: automation will lead to transformation in Audit & GRC, but to the benefit of your employees.