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Instructor
Tommy Stephens, Jr
Instructor
In the world of “Big Data,” virtually all business professionals have become data analysts, at least to some extent. However, that is particularly true in the field of auditing, where internal and external auditors are increasingly turning to data analytics to identify situations requiring follow-up and investigation. Those who understand how to take advantage of various tools that are available to them to assist in these efforts benefit by conducting more thorough analysis and achieving superior results in less time. In this session, you will learn about various tools and techniques you can use for more thorough analyses of data. Included in the discussion are Excel, various Excel add-ins, and Microsoft’s Power BI application. If you’re seeking to improve your skills in the field of data analytics, this session is the one for you!
• List the four types of data analytics and identify situations in which each can be useful in auditing environments
• Identify opportunities to use features in Excel to analyze data in the context of auditing
• Distinguish between Business Intelligence and Data Analytics
• Differentiate between correlation and causation
• Cite examples of how Power Query, Power BI, and other tools can streamline and enhance Data Analytics
• Differentiating between the four types of data analytics
• Analyzing transactional data using Benford’s Law
• Utilizing regression analysis in auditing contexts
• Identifying and resolving quality of data issues
• Working with Power Query, Power BI, and various Excel add-ins for better results in less time
Fundamental knowledge of Excel and personal computer operations
Accounting and financial professionals, including auditors, desiring to learn more about Data Analytics, including tools and procedures they can use.