Developing and applying data analysis
Sepia Solutions supports organisations in developing and applying data analysis within audit, risk, and compliance activities, independent of specific tools or platforms.
While software solutions such as Arbutus Analytics can support data analysis, effective use of data starts with understanding what to analyse, how to approach it, and how to interpret the results in a meaningful way.
Sepia Solutions provides training and services to help organisations build these capabilities and apply them in practice.
Building data analysis capability
Organisations increasingly recognise the value of data analysis, but building the required skills and approach takes time.
Sepia Solutions supports this through training focused on data analysis concepts and practical application, rather than specific tools.
Data analysis training
Training focuses on helping participants understand:
- How to approach data analysis in an audit or assurance context
- How to identify relevant data and define meaningful tests
- How to interpret results and draw conclusions
- How to structure and document analysis
This type of training complements tool-specific training by focusing on thinking and methodology, ensuring that skills can be applied regardless of the tools used.
Data analysis for auditors
Specialised training can be provided for auditors and assurance professionals.
This includes:
- Applying data analysis within audit engagements
- Identifying risks and anomalies through data
- Integrating data analysis into audit methodology
- Understanding how data supports audit conclusions
This helps auditors move beyond manual testing and incorporate data-driven insights into their work.
Applying data analysis in practice
In addition to training, Sepia Solutions supports organisations in applying data analysis directly.
Outsourced or co-sourced analysis
Organisations may choose to outsource or co-source data analysis activities, for example:
- When internal resources are limited
- When specific expertise is required
- When starting with data analysis and building initial use cases
This approach allows organisations to realise the benefits of data analysis without needing to build full internal capability from the outset.
Sepia Solutions can support:
- Performing data analysis on behalf of the organisation
- Working alongside internal teams
- Developing reusable analysis approaches and procedures
Examples may include analysing large datasets to identify anomalies, supporting audit engagements with targeted data testing, or developing reusable analysis procedures.
From capability to maturity
Developing data analysis is often a gradual process. Organisations may start with training and initial use cases, and progressively build internal capability over time.
This progression helps embed data analysis as a standard part of audit and assurance activities.
Explore how data analysis can support your organisation
If you would like to explore how data analysis can be applied within your organisation, we would be pleased to discuss your situation.