31、Internal Audit Data Analysis: Skills, Challenges, and Tools

Internal Audit Data Analysis: Skills, Challenges, and Tools

1. Internal Audit Competencies

Internal audit requires a combination of problem - solving and technical skills.

Problem - Solving Skills

• Problem - solving skills involve an individual’s ability to handle non - routine tasks and solve problems as they arise. In data analysis, the next stage of the process depends on the results of the previous one, making these skills crucial.

Technical Skills

• Technical skills involve auditors’ ability to carry out assigned tasks. In data analysis, it includes understanding analytical techniques, general IT architectures and controls, and the use of selected software tools.

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