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EDPACS
The EDP Audit, Control, and Security Newsletter
Volume 56, 2017 - Issue 4
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Original Articles

Time Is Ripe to Revolutionize the Audit

Pages 19-22 | Published online: 28 Nov 2017
 

Abstract

There have been doubts around the added value and relevance of (internal) audit. There have been question marks as to whether that profession truly focuses on what matters most. How can we make it better? How can we make (internal) audit an even greater success in the eyes of its customers and stakeholders, too? In the digital age, more than ever, there is nothing as constant as change. It is time to revolutionize the audit. Process Mining has the potential to revolutionize (internal) audit. Let your data speak to drive learning and change.

Notes

1. Presentation of the author at the European Conference of the Institute of Internal Auditors (ECIIA) in Switzerland (Basel) in September 2017 about “SUCCESs - Simple, Unexpected, Concrete, Credible, Emotional, and Stories.”

2. “Celonis Process Mining is an intelligent big data technology that analyzes and visualizes every process in your company. It reveals weaknesses and makes processes more transparent, faster, and more cost-effective.” Retrieved from https://www.celonis.com/en/, homepage of Celonis.

Additional information

Notes on contributors

Rainer Lenz

Rainer Lenz, PhD, CIA, QIAL, CIIA is a seasoned financial and audit executive with over 20 years of international experience in global organizations. He can be reached at [email protected]

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