How to Have Audit Analytics That Works — Part 3
3 min readJul 18, 2022
7. Don’t forget the financial benefits — data analytics always brings economic benefits. To calculate them, estimate the time that will be saved using data analytics, multiply it by the hourly rate of an auditor, and calculate the savings. Then inform the relevant managers of the financial advantage.
For example, during an audit, the auditor may need to take a sample of 25…