Chief audit executives are not so confident about the accuracy of the data their companies rely on to make decisions.
A survey by the Institute of Internal Auditors found that less than one out of three audit chiefs are confident about the strategic decisions they make based on data analytics. Only 29 percent of chief audit executives polled by the IIA’s Audit Executive Center said they are very or extremely confident in decisions made based on the data their organizations collect and analyze. Nearly as many, 23 percent, hold the opposite view, describing themselves as “slightly or not at all confident” about data-driven decisions, according to the 2016 North American Pulse of Internal Audit. The 48 percent remainder of those surveyed indicated they had only moderate confidence in such decisions.
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