Chapter 11

2. Innovative and disruptive startups often employ data analytics as a strategic component in their business process. For example, Amazon, Google, Facebook, Microsoft, Airbnb, and many others hire data scientists and data analysts to navigate and lead this data culture. You are interviewing for a CAE position at a new startup that has acquired second-round funding. The new startup uses machine learning and artificial intelligence to understand and analyze healthcare data to provide better diagnostics and reduced procedure costs. You need to make a case for how you plan to leverage data analytics in the internal audit function. What would you communicate during the interview process regarding how you would create a healthcare-focused, risk-based data analytics internal audit department? What would your plan be to employ data analytics specifically in your internal audit projects and engagements? What types of observations might you discover with a data analytics internal audit team?