Technology adoption and advancements in business operations and increasing use of data analytics/ visualization are paving the way for audit functions to re-imagine the way in which audits are planned and executed. A transformed audit model includes analytics beyond sample-based testing to include full population analyses of audit-relevant data. Analytics enables greater assurance in identifying and sizing business risks, provides necessary audit evidence and enables auditors to offer deeper, relevant and actionable insights to business stakeholders. How are audit departments leveraging analytics? Are audit departments rating analytics as valuable in achieving their objectives? What analytics tools are most commonly used? What skills should auditors of the future consider adopting to grow and align with such a transforming model? Join us to discuss these and share your perspective or approach on this important topic at this section meeting.Continue reading Section Meeting: How is data analytics transforming the audit function?
Join us for this month’s section meeting where we will be discussing Business Process Improvement in the Reinsurance industry.
Business Process Improvement, a core business function at BlueLine Associates, involves the evaluation of current practices, which is done through a thorough analysis of people, process and technology. The review provides solutions that improve the efficiency and effectiveness of the organization based on agreed critical success factors.
Our client wanted to conduct a complete process review across all business functions to identify opportunities to improve cost and quality. We performed an end-to-end process review to provide a holistic view of the company and implemented recommendations that achieve over $7m in operational efficiency while increasing employee satisfaction and engagement.Continue reading April 2019 Section Meeting: Business Process Improvement in Reinsurance, A Case Study