| | SEPTEMBER 20248CIOReviewIn the information age, data are valuable assets that drive critical business decisions. However, mere data collection is not enough; it is the transformation of this data into actionable insights that provides a significant competitive edge. In this scenario, technology plays a vital role in internal audit and compliance, empowering organizations to explore the true potential of their data.André Cruz, Internal Audit and Compliance Director at Alubar Global Management, vividly recalls how technology revolutionized the way internal audits are conducted. "I clearly remember that 15 years ago one of the audit tests we conducted relied on the printing of two reports and we spent days manually searching for differences or irregularities in the comparison between them, marking with a red (X) the inconsistencies or with a green () on the correct transactions. It was a very laborious process, taking days, sometimes weeks, to test the transactions of a single month. A few years later we were already able to perform this same test using software for data reading and analysis, which could be in different formats or files, by cross-referencing and processing THE POWER OF DATA: HOW TECHNOLOGY IS SHAPING INTERNAL AUDIT AND COMPLIANCEBy Andre Cruz, Internal Audit Director, AlubarIN MY OPINIONAndre CruzKnowing the right technological platforms for your environment is as fundamental as knowing your own business
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