Consistently seen across available literature are five common steps to applying data analytics:

  1. Define your Objective
  2. Understand Your Data Source
  3. Prepare Your Data
  4. Analyze Data
  5. Report on Results

Each of the steps are critical and each step has challenges. Understand and overcoming the challenges requires a deeper look into each step…

Toby DeRoche, a Market Consultant with TeamMate, outlines how auditors can think more deeply about the five steps to effectively analyzing and reporting on data. Read more here!