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​The Analytics Journey: Analytics Toolbox

Online Exclusives Francisco Aristiguieta, CIA Nov 19, 2020

With an array of software to choose from, internal audit needs to set criteria for selecting the products that best fit the needs of its analytics program.

​Once internal audit has developed an approach for how it will decide on which analytics projects it will pursue, it needs to choose the right tools to accomplish them. Analytics tools tend to be a big expense for pilot program development, which can be perceived as a gamble if the program has had earlier failures to launch. As such, having the right tools could mean the difference between success or a new "failed start." It is a decision that could stick with internal audit for a significant time

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Francisco Aristiguieta, CIA

is responsible for internal audit analytics at Citizens Property Insurance Corp. in Jacksonville, Fla.