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Fundamental Risk Audit Data Analytics Course

The numerous different types of analytics that can be utilized in the evaluation of risk and also in the preparation to perform either risk evaluations and or audits.

Created byGreg Duckert
BeginnerUpdated Feb 24, 2025

What You'll Learn

  • check_circleIn the first section of fundamental audit and risk data analytics we'll talk about a number of different tools such as trend analysis, pivotal point of change analysis, mean dispersion analysis and the points of interest relative to each.
  • check_circleIn Section 2 you will learn peer group analysis with step down and how this can be applied to a real life risk assessment / audit engagement. We will also talk about and learn ratio analysis period to period comparisons and how those types of analysis can be of benefit in a number of different industry scenarios.
  • check_circleIn Section 3 we will talk about stratification analysis and profiling and data that should be evaluated utilizing these types of tools. You will also learn how threshold analysis may be used as a much more effective way to evaluate controls in for instance a SOX compliance scenario.
  • check_circleIn Section 4 you will learn how to use data patterns to recognize potential areas of fraud and where they might occur. In addition you will learn step down analysis and how if that had been used during the banking crisis of a few years back potentially a lot of misery could have been averted.
  • check_circleLearn about the parameters of data stratification and types of data that should be stratified
  • check_circleIdentify how profiling is the key to focused auditing
  • check_circleExplore how fraud is manifested in the form of patterns and how you can detect fraud
  • check_circleKnow about the factors that lead to very high audit efficiency and effectiveness

About This Course

In this course, we will talk about numerous different types of analytics that can be utilized in the evaluation of risk and also in the preparation to perform either risk evaluations and or audits. These analytics will be presented in multiple sections and will cover the gamut of those types of areas that tend to be the most risk intense. These analytics will help you to realize and recognize that risk is present and how to go about managing it effectively.

Intended audience The intended audience for this course are those professionals who want to build their knowledge in the areas of risk and data analytics. These are the two most important areas of knowledge building in the world of industry and government today. The intended audience are those people who are both starting out, but also, for those who work in all areas and have experience but have never been educated in the areas of risk and data analytics and how they can be applied.

The ultimate intent of this series of courses is to have somebody earn a professional certification in analytics which will further their careers both now and in the future. The value of earning recognition through certification in these areas will certainly be a distinct advantage in any job searches and/or advancement opportunities they pursue in the future. These types of skill sets will also have a favorable impact on their ultimate compensation in their future careers.

Field of study: Auditing

Course Content

2 activities • 2 videos • duration: 3h 48m

remove
Section 12 videos • 1 quiz • 3.8 hours
  • videocamCCARDA Course _7_ Data Analytics Sections 1&2
    Duration 113:26
  • videocamCCARDA Course _7_ Data Analytics Sections 3&4
    Duration 115:29
  • quizReview Questions
add
Final Assessment1 quiz

Your Instructor

Greg Duckert

menu_book8 courses
star357 reviews

Gregory H. Duckert, MBA, CERMDA, CCARDA, CFADA, CPA, CRISC, CRMA, CISA, CIA, CMA Founder of Virtual Governance Institute LLC Mr. Duckert is an internationally recognized expert in the field of Enterprise Risk Management and data-analytics based approaches to auditing and risk assessment. He is the author of "Data-Centric ERM: Common Sense That Isn't Very Common”. He possesses 9 professional certifications and is the sole developer and owner of a data centric proprietary approach to risk assessment and management. These methodologies are universally applicable to ERM and to enterprise risk methodologies for Internal Auditing and risk management of all types in organizations of all sizes. Mr. Duckert was educated at the University of Wisconsin - Madison and obtained an MBA in Accounting in 1989, a BBA in Accounting in 1978, and a BA in Economics in 1971. He is in demand to speak frequently at national and international conferences. Virtual Governance Institute, LLC The company he founded, Virtual Governance Institute, is the creator of THE only three professional certifications for audit and risk professionals in the field of data analytics. They are CERMDA (Certified in Enterprise Risk Management Data Analytics), CCARDA (Certified in Continual / Continuous Audit & Risk Data Analytics) and CFADA (Certified in Fraud Auditing & Data Analytics).

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.5 out of 5
Student's Choice
134 reviews
  • TM
    Tavison M.
    starstarstarstarstar

    Comprehensive, insightful and well articulated course

  • DP
    Daniella P.
    starstarstarstarstar

    I appreciate the wealth of experience of presenter and examples provided.

  • SS
    Stefan S.
    starstarstarstarstar

    The course is well prepared, but a bit too long. The examples are relevant, yet are too private-sector oriented. The course can include some focus on the public sector too and also add newer data analytics methods such as process mining.

  • IS
    Isaac Daniel S.
    starstarstarstarstar

    The whole lesson is very useful in my work, in particular the demystification of detection of Fraud.

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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