accounting paper

Topic: benefits of leveraging data analytics for internal audits

Thesis: There are three benefits of leveraging data analytics for internal audits and the benefits are creating value, reducing risk and improving the efficiency.

· Create value

1. Turn the opinions into the advantages of competition

2. Improve the return of investment(net profit/cost of investment)

· Reduce risk

1. Fewer mistakes and fewer wrong results

2. Response to manage the mistakes and risk of investment immediately

· Improve the efficiency

1. Reduce the cost of the unnecessary investment

2. Easy to see which part is earn money and which part is lost money

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