Internal control
Real-time automated monitoring and prediction models free up time for strategic and more multivariate tasks, providing internal audit an opportunity to move closer to business operations.
- Fraud detection: Detection of fraud through analytics by automatically listing deviating patterns and values of action.
- Confirmation of access rights: A model for calculating how to identify erroneous use of access rights from login data.
- Probability of potential risks: Prediction model to calculate the probability of known risks under different scenarios.
http://blog.houston-analytics.com/blog/predictive-analytics-change-internal-audit-practices