Advanced data analytics in internal audits: A conceptual framework for comprehensive risk assessment and fraud detection
Oluwatosin Ilori,
Nelly Tochi Nwosu,
Henry Nwapali Ndidi Naiho
Abstract:In the face of increasing complexity and rapid technological advancements, traditional internal audit methods are becoming inadequate for comprehensive risk assessment and effective fraud detection. Advanced data analytics offers a transformative approach that enhances the effectiveness of internal audits. This concept paper presents a framework for integrating advanced data analytics into internal audit processes, aiming to provide more robust risk management and improved fraud detection capabilities. Integra… Show more
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