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Time is Ripe to Revolutionize the Audit

4 Nov

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Abstract
There have been doubts around the added value and relevance of (internal) audit. There have been question marks whether that profession truly focuses on what matters most. How can we make better? How can we make (internal) audit an even greater success in the eyes of its customers and stakeholders, too? In the digital age, more than ever, there is nothing as constant as change. It is time to revolutionize the audit. Process Mining has the potential to revolutionize (internal) audit. Heath & Heath (2008) study in their bestseller why some ideas survive and others die. When applying their SUCCESs-model to the world of audit, it is worthwhile to search for sticky ideas that are Simple,
Unexpected, Concrete, Credible, Emotional and/or tell Stories. One of such traits may already be sufficient to make an idea stick. Process Mining has the potential to bring (internal) audit on a much higher plateau. In doing so, the entire (internal) audit profession can be strengthened that way. Process Mining is so powerful for it makes the matter in question very concrete. And, such concrete evidence is very credible when inspiring to learn and change. Time is ripe to revolutionize the audit. Let your data speak to drive learning and change.

Lenz, R. (2017), Time is Ripe to Revolutionalize the Audit, EDPACS, 56:4, 19-22 http://www.tandfonline.com/doi/full/10.1080/07366981.2017.1380479

2017_Submitted manuscript

 

Process Mining in der Revision: Ein Erfahrungsbericht

27 Jul

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Lenz, R., Druckenmueller, J. & Nominacher, B. (2018): Process Mining in der Revision: Ein Erfahrungsbericht, Zeitschrift Interne Revision (ZIR), 4.18, 202-203

Lenz, Druckenmüller & Nominacher, ZIR_04.18_202-203

Process Mining in der Revision: Ein Erfahrungsbericht

26 Mar

Process Mining

[Info] Dieser Diskussionsbeitrag wird im August 2018 veröffentlicht:

Lenz, R., Druckenmueller, J. & Nominacher, B. (2018): Process Mining in der Revision: Ein Erfahrungsbericht, Zeitschrift Interne Revision (ZIR), August

 

Zusammenfassung:

Die Interne Revision sieht sich heute mit einem grundlegenden Wandel konfrontiert. Aufgrund der fortschreitenden Digitalisierung verändert sich die Unternehmenswelt zunehmend – und mit ihr die Themen und die Praxis der Revisionsprüfung. Berufsständische Vorgaben empfehlen die Anwendung von Big-Data-Analytics. Villeroy & Boch nutzt Process Mining, um eigene Geschäftsprozesse zu optimieren.

Revisionsabteilungen im Wandel

Objektiv, transparent, effizient – Process Mining in der internen Revision

Process Mining bei Villeroy & Boch

Die Interne Revision kann Pionier bei der Nutzung von Process Mining sein

Die Daten sprechen lassen

 

Autorenangaben

Dr. Rainer Lenz ist Leiter der Konzernrevision bei Villeroy & Boch

Jens Druckenmüller ist Manager in der Konzernrevision bei Villeroy & Boch

Bastian Nominacher ist Mitgründer und Co-CEO von Celonis

50 free online copies

28 Nov

50-second-timer

Lenz, R. (2017), Time is Ripe to Revolutionalize the Audit, EDPACS, 56:4, 19-22

50 free online copies <download>

Access to paper @EDPACS

 

Abstract

There have been doubts around the added value and relevance of (internal) audit. There have been question marks whether that profession truly focuses on what matters most. How can we make better? How can we make (internal) audit an even greater success in the eyes of its customers and stakeholders, too? In the digital age, more than ever, there is nothing as constant as change. It is time to revolutionize the audit. Process Mining has the potential to revolutionize (internal) audit. Let your data speak to drive learning and change.

 

 

 

 

Time is Ripe to Revolutionize the Audit (Forthcoming in November)

14 Oct

Big Ben 2017-10

 

Lenz, R. (2017), Time is Ripe to Revolutionalize the Audit, EDPACS, 56:4, 19-22

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Abstract

There have been doubts around the added value and relevance of (internal) audit. There have been question marks whether that profession truly focuses on what matters most. How can we make better? How can we make (internal) audit an even greater success in the eyes of its customers and stakeholders, too? In the digital age, more than ever, there is nothing as constant as change. It is time to revolutionize the audit. Process Mining has the potential to revolutionize (internal) audit. Let your data speak to drive learning and change.