Data analytics at DBS group audit: The future of auditing is auditing the future

• Main Authors: FOO, See Liang, WANG, Zack Zheng
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: auditing; data analytics; predictive analytics; control systems; management control; corporate control; Accounting; Asian Studies; Finance and Financial Management; Management Sciences and Quantitative Methods
• Online Access: https://ink.library.smu.edu.sg/cases_coll_all/161; https://cmp.smu.edu.sg/case/2051
• Institution: Singapore Management University

The case is set in January 2014 and reveals the data analytics initiatives at DBS Group Audit. Group Audit was used to assess the riskiness of the bank’s branches based on seven attributes derived from the auditors’ collective wisdom. The results could sometimes be misleading and inaccurate. To reva...