Trend analysis is the analytics procedure that an internal auditor would use to compare performance information from one quarter to another. This technique involves analyzing data over a specific period to identify patterns, trends, and changes in performance metrics. Trend analysis helps auditors understand the direction of key performance indicators and assess whether performance is improving, declining, or remaining stable.
[References:, The Institute of Internal Auditors (IIA) Standards, Data Analytics Techniques in Internal Auditing, , , ]
Submit