A Data-driven Approach to Audit

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Presented By:

KPMG

Description:

Join this session to explore how you can apply data-driven strategies to support audit readiness, drawing from the Department of the Navy, Financial Management and Comptroller’s (FM&C) Financial Management Data and Digital Transformation (FMDDT) initiative. You’ll learn how FM&C is leveraging advanced analytics to target accounting challenges and improve audit outcomes.

You’ll walk through real-world examples that you can apply in your own work, including risk-based sampling for monthly reconciliations, the Ordnance Information System (OIS), the Budget Execution Validation tool, and the DoN CFO Dashboard. These tools demonstrate how a data-driven approach not only supports the Department’s audit goals but also helps proactively identify and address financial issues.

You’ll also see how advanced modeling, data science, and statistical sampling—combined with powerful data visualizations—are equipping the FM workforce to drive accuracy, accountability, and progress toward a clean audit opinion.

(LOs) After participating in this session, attendees should be able to:

• Describe the core capabilities of the Financial Management Data and Digital Transformation (FMDDT) program.
• Explain what advanced analytics capabilities are used to enable audit-readiness.
• Understand specific use cases where advanced-analytics is used to enable audit-readiness.

Speakers:

Competency:

Data Analytics and Digital Transformation

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