Impact of Data Visualization on Internal Audit Recommendation’s Quality and Its Contribution Towards Managements’ Acceptance
List of Authors
Darwaesh Shanmugam, Yuvaraj Ganesan
Keyword
Internal Audit Recommendation’s Quality, Management’s Acceptance on Audit Recommendations, Audit Committee, Data Visualization Tools, IT competency
Abstract
In the era of “Big Data”, organizations are equipped with vast amount of Data generated from their routine business operations. This Data can be made valuable to the organization by proper analytical efforts. One of the departments which can utilize the available Data for their operational advantage is the Internal Audit Department. The Auditors can enhance the traditional auditing method by utilizing efficient Data Analytics on available Data in the organization. The component of Data Analytics which will be studied in this research is Data Visualization. Data visualization tools and techniques can be utilized to presents audit recommendation in a way which impact human’s cognitive abilities. Graphics and visuals are components of Data Visualization which can be used to improve the quality of the audit recommendation and enhance the acceptance level of the recommendation by the Management. This study will contribute to the existing literature in this subject area by identifying the impact of Data Visualization in the effort of enhancing the quality of Internal Audit recommendation, taking into consideration IT competency among the Internal Auditors in the organization. Data Visualization is being widely used in fields such as medicine and started to be incorporated in the field of Internal Audit. However, there are certain factors which need to be considered to understand the actual impact of adaptation. Among the factors which need to be considered is the contribution of the quality of the Internal Audit Recommendation and the acceptance level of the management with the adoption of Data Visualization tools and techniques.