Charles Rowley discusses the current state of audit best practice and identifies Culture, Connectivity, Underwriting, Claims and Conduct as core areas that could be benefit from additional analysis.
The easy bit is ensuring data collection is embedded in your Culture, you reduce key stokes with enhancing and investing in Connectivity, ensure your Underwriting and Claims are based on quality information, and your team's conduct both in the business but also in their interaction with their core system. Great strides in this analysis is possible with single, integrated System of Record. with flexible reporting, analytics dashboards, extensive scope and great granularity of data.
If you would like to see how we at Morning Data, or Charles and DA Strategy can help - get on contact.
But, first and foremost, is all the information gathered through this unique lens communicated sufficiently? Could more value be added in order to fully convey a total performance picture? Would verbal interaction with the auditor improve understanding? We think so!