Business Intelligence in Audit

Abstract

Since 2002, regulations have changed the landscape of internal audit as well as how many internal audit departments are viewed by senior management and the board, making it difficult for internal audit, especially small and medium departments, to maintain a role in the risk management process. Many companies are beginning to realize the benefit of using business intelligence in the risk management process. By finding ways to get involved in those efforts, internal audit can again provide value and regain a seat at the risk management table.