5 Ways Root Cause Analysis Can Improve Performance Audits
Root cause analysis is an approach to understanding why something happened or how a situation developed. This analytical technique can be used to drive efficiency, eliminate waste, or improve business processes. It can also help auditors to add value to their audit reports and increase their impact. In this Audit Tips edition, we highlight five ways in which Root cause analysis can improve performance audits.
8 Facts Auditors Should Know About Artificial Intelligence
Artificial intelligence (AI) is an intriguing emerging technology. Rapidly adopted by the IT industry, it has found myriad applications in our economy and now appears to be ubiquitous. Its capacity to automate processes and extend the reach of the human mind is already causing profound changes in a number of fields, including auditing. In this Audit Tips edition, we present key AI facts that will help auditors understand how AI is transforming their profession.
