Innovation In Compliance With Tom Fox

Tom Fox welcomes Yusuf Moolla on this episode of the Innovation in Compliance Podcast. Yusuf is a Director at Risk Insights, co-cost of The Assurance Show Podcast, and co-author of The Data Confident Internal Auditor. He joins Tom to talk about how compliance professionals can utilize data analytics, data governance, and internal auditing. Best Approaches To Data The easiest way to approach data, Yusuf suggests, is to think about it as another form of evidence. "Over the years we've collected lots of manual documents as evidence…Data is just another piece of evidence," he tells Tom. Data can be used by anybody, and it is very simple to do so. Currently, there has been an emergence of open source tools to process data which has made it easier and cheaper for individuals. These open-source tools have made it safer as well, as there are options to look into the source code for digital traps. Visualization is another approach to data that individuals can utilize. While relatively new, being able to visualize tec