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AuditNet Book Review
2005 Buyer’s Guide for Audit, Anti-Fraud, and Assurance Software
By Richard Lanza, Mort Goldman, and Dean Brooks
published by Ekaros Analytical Inc.
208 pages, $180 US list price
Sarbanes-Oxley legislation has created enormous interest in risk management and control self-assessment software tools, with several dozen new products appearing in the past three years. But even apart from SOX, the number of “audit software” applications has been rising fast, with new specialized tools for forensic audit, data analysis, data mining, presentation, communication, telecom analysis, workpapers, case management, and more
The 2005 Buyer’s Guide provides the first comprehensive look at this emerging market, covering more than 100 vendors. Roughly one-half of the Guide’s 208 pages is made up of essays and articles from the three co-authors on how to successfully implement a computer-aided audit environment—what tools to implement first, how to negotiate with vendors, what the real long-term benefits of new software are likely to be, who needs training, what sort of schedule is realistic, and how to avoid winding up with a lot of costly “shelfware”. There is an entire section devoted to vendor selection, which is a constant question that arises in online forums such as audit-l. The remainder of the book consists of in-depth coverage of each vendor, including their history, unique features of their products, user group support, contact information, and more.
In addition to the resources and tools provided in this book, Rich Lanza offers expert advice and a free diagnostic from his popular Web site.
There is no other comprehensive source of information available that will help auditors negotiate the myriad of choices for audit-related software. For internal and external auditors, fraud examiners, financial and IT managers, this Guide could provide significant savings and make your next software implementation a timely success rather than a drawn-out exercise in frustration.
This book is a definite must for your Internal Audit department library!
