Session Details

Julie Dennis

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Leveraging Digital Transformation for Dynamic and Adaptive Audits

  • Date:Monday, August 16
  • Time:10:00 AM - 10:55 AM
  • Session Type:Breakout

Financial services firms are being challenged to develop innovative tools and frameworks, adopt data-driven approaches and real-time monitoring, and discard the ‘rearview mirror’ approach to risk management. Similarly, Internal Audit functions within these firms are leveraging digital transformation around data pipelines, data analytics and advanced modeling, robotic process automation (RPA), and data visualization to evolve their audit practices towards more continuous assurance and true risk convergence with other lines of defense. In this session, you will learn:

* Early detection of internal emerging risks using your data;

* How to assess external emerging risk with syndicated data fees;

* How to develop a risk intelligence environment for rapid analytics and dynamic reporting;

* To tailor test approaches and procedures based on data-based residual risk assessments; and

* How to integrate data and technology with other lines of defense for true risk convergence.