Anthony Dias, CPA,
CMA, Partner, Risk Assurance Services Group (Ottawa), PwC
Courtney Brown, Director, Risk Assurance Services
Analytics (Greater Toronto Area), PwC Canada
Canadians' expectations of the public sector continue to
increase. Today, citizens are demanding to stay informed and want
transparency from their government. At the same time, public sector
organizations are faced with the increasing cost of compliance,
managing budgets, more timely reports and a greater need to
understand and manage risks.
Data analytics and continuous auditing enables us to focus on
mitigating public risks and business operations, while ensuring
acceptable business conduct conforms to policy and procedures. The
path of constructing a data analytics function is a journey which
evolves daily for many organizations. This presentation will look
at this journey and provide examples of what is being seen globally
in the market place, as well as right here at home.
Across Canada, data analytics, as a way to identify risk, is
resonating more and more. Analytics enables organizations to
examine and compare trends and patterns within large volumes of
transactional data, and identify "out of the norm" activity to
expectations. This is done by incorporating data from multiple
sources (internal and external) and developing algorithms to
analyze data according to varying requirements.
Fasten your seat belts for an interactive and fast-paced session
that will discuss the following.
- Understanding the Internal Audit data analytics life
- Identifying proper stakeholders, benefits, opportunities and
efficiencies for data analytics.
- Identifying data analytic strategies, tools and accelerators
from technology, people and relationships perspective.
- Looking at some of the technologies in the marketplace that
make it easier for users to self-serve analytics.
- Presenting use cases and visualize data analytics and emerging
trends through practical scenarios/demo.
- Developing risk-scoring mechanisms to continually evaluate
activities and predict potentially suspicious attributes and/or
- Developing a risk monitoring program to utilize reports and
dashboards that showcase the ability to track how risks change over
time and the impact of mitigation activities