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UK Europe EMEA GCC Time Zones
CPEs: 24
Instructor: Risk Reward Faculty
Level: Intermediate
Tuition: £2,995.00
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NEW Data Mining and Analytics for Internal Audit RR1234

Location: UK Europe EMEA GCC Time Zones

First Date: May 28 - 30 2024

Duration: 3 days

Programme Director: Risk Reward Faculty

All Dates & Locations
Venue Details

Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.

All our 2024 Live, on-site and Live Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.

Need to bring this course in house, train your team or 1:1? Simply contact us for significant cost savings and dates best suited to meet your specific needs.

Agenda Highlights

Session 1: Introduction

Session 2: Internal audit and data analytics

Session 3: Data mining issues

Session 4: Data mining process

Session 5: Analysis of Processes

Session 6:  Issues and Examples

Session 7: Case Studies and Relevant Examples

Session 8: The Future and Impact of Machine Learning and Artificial Intelligence

Session 9:  Summary, Discussion, and Q&A

Overview

This course will assist delegates to discuss and plan the uses of data mining and analysis within internal audit. We will address the issues surrounding data mining and how to overcome them. Furthermore, delegates will gain an understanding of the process, techniques and challenges associated with data mining.

Who Should Attend

Internal auditors seeking to advance their skills in data mining.

Additional Course Information

What Does It Cover?

Session 1: Introduction

  • General introduction to data analytics
  • What are your organisation’s strategy and goals for data analytics?

Session 2: Internal audit and data analytics

  • The internal audit context
  • The impact on planning
  • Changing your approach
  • The opportunity for internal audit
  • Challenges of collecting information
  • How to infer linkages
  • Patterns and analysis

Session 3: Data mining issues

  • Issues with data
  • Data cleansing
  • Data completeness
  • Data reduction
  • What does the answer mean?

Session 4: Data mining process

  • Defining the Internal Audit Requirement
  • Designing data collection
  • Process design
  • Stages
    • Exploration
    • Design and validation
    • Deployment

Session 5: Analysis of Processes

  • Record to Report
  • Purchase to Pay
  • Order to Cash
  • Hire to Retire

Session 6:  Issues and Examples

  • When is the technique of greatest value?
  • Examples of good practice
  • Thinking before you start
  • Dealing with disparate systems
  • Key areas for application
  • Application in treasury
  • Parameters and false positives
  • Discounts and supplier activity
  • Fraud detection

Session 7: Case Studies and Relevant Examples 

Session 8: The Future and Impact of Machine Learning and Artificial Intelligence

Session 9:  Summary, Discussion, and Q&A

Learning Objectives
  • Understand where to use data mining techniques within internal audit.
  • Recognise how to build this into an effective internal audit approach.
  • Investigate data mining approaches and what can be found in practice.
  • Use Data Mining as a tool to search information from a multitude of sources, leading to investigation and preparation of audit findings.

=Delegates who complete the course will receive a Certificate with equivalent CPD/CPE credits via email; and for those who require an assessment as a demonstration of competency via training a 20 multiple-choice questions and answers quiz, remotely invigilated with results report and 1 resit, is available at no additional charge when requested at time of reservation.

Social Learning & Methods

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.

(An invitation via email with access link is included for all participants.)

Registration

NEW Data Mining and Analytics for Internal Audit

Course Fee

Apply 10% discount code RISK10 by December 15, 2023 at check-out

Course Fee (per person):
GBP £2,995.00 (+ UK VAT when applicable)

Number of delegates:

Data Privacy & Update of Contact Details Risk Reward Limited is fully compliant with the Data Protection Act. The information you provide will be safeguarded by Risk Reward Ltd. We do not rent, sell or exchange your details to anyone without your consent. Your details are never given to third parties. If you wish to update your details, please email: info@riskrewardlimited.com with your OLD and NEW details. Please allow 10 days to see the changes take effect. Thank you.

Terms and Conditions: You can cancel at any time. Due to the on-going COVID 19 environment cancellations may be made at any time for either a full refund or a credit towards another event occurring within the following 6 month period. Simply email or telephone the London Client Services team at training@riskrewardlimited.com to advise your preference and we will do our best to accommodate your circumstances. Risk Reward Ltd receives the right to a final decision in the event of a dispute.

All Risk Reward public courses are guaranteed to run although those offered by affiliates are subject to demand
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