Data Analytics: Providing Greater Internal Audit Depth During A Turbulent Economy

Nov. 9, 2010 - PRLog -- Vonya Global released a blog article on Monday positioning the use of Computer Assisted Audit Techniques (CAATs) as an essential piece to effective Corporate Governance.

New risks have emerged as the economy struggles through a recovery, specially financial reporting errors and fraud.  A critical way to respond to these challenges is to increase (or initiate) the use of data analytics. This approach evaluates and monitors data from every transaction processed by a company to identify anomalies. Applying data analytics to review transactions in accounts payable, advertising, freight, health benefits, construction, and other areas can yield hundreds of thousands or more in savings and recoveries.

The blog article induces the CAATs value proposition.  The full article can be read here: http://vonyaglobal.blogspot.com/2010/11/data-analytics-providing-greater.html

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About Vonya Global:
Vonya Global is a consulting firm specialized in providing internal audit, internal control, and risk assurance services. Having locations throughout the world, Vonya Global serves as a value added alternative to the large accounting firms.