Data Analysis and Sampling Simplified: A Practical Guide for Internal Auditors

by Donald A. Dickie

Though this is a book on data analysis and sampling, it is important that readers have a similar starting point with respect to the audit process. Every audit is different, yet all audits follow the same basic path, beginning with planning, followed by fieldwork, reporting, and follow-up. Each of the four phases of an audit has distinct activities associated with a particular phase. With respect to data analysis and sampling, it is important to appreciate that different activities occur at different stages in the audit process.

The author offers useful tips for internal auditors who are faced with a large data set wondering how to proceed,

Foster your creativity and curiosity.Make a plan and stick to it.Risk is the key.Look at the findings of the data analysis from both the graphical/tabular and metric perspectives.Validate, validate, validate.Organize the data results.Always trust your knowledge, your experience, and your intuition.Never underestimate the value you bring to the audit.

182 pages, Hardcover

Published August 15, 2019