Jim Kaplan's
|
|
|||||
AuditNet
Links
|
||||||
|
Sponsor News!
This month check out Automated Auditors, a data management company specializing in: duplicate payment detection; duplicate insurance claim detection and duplicate vendor / facility / patient record detection. Supporting our sponsors supports AuditNet®! Audit's Role in Fraud Investigation
Say these names: Enron, Global Crossing, Tyco, WorldCom. What words come to mind? Fraud? Theft? Corruption? Greed? It's a safe bet these are some of the words that come to mind for millions of people in the United States and around the world. Enron, Global Crossing, Tyco and WorldCom are by no means the only companies to have been looted by the people in charge of them. But they are recent and spectacular failures that created headlines months after their corporate governance meltdowns were revealed. This month's article on audit's role in fraud investigations was contributed by Protiviti KnowledgeLeader, an online service providing tools, templates, and other resources for internal audit and risk management. Free trials available at www.knowledgeleader.com. Click here for the complete article. Corporate Reputation and Internal Audit Corporate Reputation is vital. With the current focus on risk management, reputational risk should “ride high” on the list of priorities in the risk register. What can internal auditors do to protect the corporate reputation? Click here for the article submitted by Kastuv Ray, a regular contributor to AuditNet®. AuditNet Job Listings (& more) Looking for an audit job? Go to the AuditNet® Audit Jobs section for the latest job opportunities. 24 hours a day, 7 days a week you have the ability to not only look at available jobs, but you can also post your resume, apply for open jobs, research companies and obtain career advice. If you are in the market for a new job, make AuditNet® your first stop to check out what's available. This is just another benefit of using AuditNet® as your one stop shop for all your audit and career resources.
CAREER BOOT CAMP FOR AUDITORS Against All Odds
by Kastuv Ray (Editor's Note: This article was contributed by Kastuv Ray, a regular contributor to AuditNet®. Next month tips from Robbie will return.) Finding a job within internal audit at any time is not an easy task. This has been further complicated by corporate collapses such as Enron and major redundancies across all sectors. Therefore, the jobseeker is pitted against employees from Big 4 backgrounds, blue chip organizations or individuals with better qualifications and experience. Click here for the rest of the story. Each month the AuditNet® Newsletter includes a career-related tip from Robbie Miller Kaplan, author of How to Say It in Your Job Search. If you like these tips, check out her books! For more career tips go the Job-Resources Web site. AuditNet® Resource List UpdatesPlease let us know of links that are not working! AuditNet® StatisticsFor those who like to wade through the details on how popular AuditNet® is, click here for the current stats or go to the online WebTrends report. The Competitive Advantage of Construction Auditing
By Al M. Gray As auditors we are all cognizant that the term “audit” consistently evokes the same reaction as “root canal,” “disc surgery,” or even “proctologic examination” – something likely to be painful and certainly unpleasant. However, the growing number of owners, developers, and even contractors who have overcome these notions and utilize construction auditing are enjoying a competitive advantage. Applying the strategy to a project frequently produces savings of 1 to 3% of costs. The moneys spent on auditing efforts typically provide returns unequalled by any other business activity. To read the rest of this
If you have an article on any internal audit subject that you would like to share send it to editor@auditnet.org AuditNet® Software Review Flow Charting 5: Excellence in Charting the Flow of IDEAS!
Auditors have been documenting internal controls and systems for as long as I can remember and longer. When I first started auditing, flow charts represented a cumbersome, but necessary process that was punctuated by interviewing, converting the interview to a flow chart using a template and then modifying, modifying and more modifying. When flowcharting software came on the scene I was the first auditor in my office to circular file my template and convert to the computer-assisted option. Flowcharting software matured considerably in the last fifteen years and Patton & Patton’s Flow Charting 5 is an easy to use yet powerful solution. For the complete review click here
The only periodical of its kind bringing useful and timely advice and insights into the prevention detection, and investigation of all forms of computer and Internet crime. The April 2003 issue includes articles on the biggest mistakes companies make in computer crime prevention, how to be prepared for an investigation of cyber-crime incidents, word processing dangers for information security and more. For more information visit www.cybercrimefighter.net AuditNet® Conference Update AuditNet® Book Review Cookin' the Book$: Say Pasta La Vista to Corporate Accounting Tricks and Fraud by Don Silver
I love to cook but this book gives cooking a whole new meaning! If you have been looking for an easy book that explains how corporations “play with the numbers” then this is a must read! Many internal auditors may or may not be aware of the deceptive accounting practices provided in this unique readable primer on the subject. A great book! Can you think of ten ways that corporations cook revenues and another ten on how they cook expenses? AuditNet® users qualify for free shipping through April 30. For more information on ordering click on the book cover above. AuditNet® Feedback Lots of information on this site and great links. This is my first venturing into the world of audits. Thank you so much. This site is awesome. I have already passed it on to 2 of my colleagues. I will be back. This is the best site for auditors and those starting up in
audit especially IT auditing. The programs are just a kick and go
which makes beginners learn the ropes fast and apply. Nicely laid out site with good navigation and good content. |
The Auditor's Guide to Internet Resources, 2nd Edition! Audit Work Programs Corner Auditors Sharing Audit Programs and Workpapers The following audit programs, ICQs, checklist
or workpapers were added this
month. They are in Audit Documents in the Queue! The following audit documents will be posted next month. Interested in them now? Send an audit work program, ICQ, checklist or other audit template and receive them via e-mail. Your contribution must include your name and email address.
Internal Controls and Sarbanes Oxley by Matthew Leitch In case you've forgotten, the Sarbanes-Oxley Act 2002 includes some potentially tough requirements about internal controls in sections 302 and 404. Section 302 is the one with the famous certification that information issued to the market is correct ("My accounts are correct - well, as far as I know.") However, it also has requirements about evaluating "disclosure controls" (i.e. controls over the information being disclosed to the market) and being aware of changes that might have affected the performance of those controls since the evaluation was made. For the rest of the article click here. New Web Sites Available on Risk Management and Audit Software AuditNet® is pleased to announce two new Web sites for auditors! AuditSoftware.net and Managed Luck! AuditSoftware.net Recent events in corporate America have led to a loss of
investor and consumer confidence and increased political and media
attention around the issue of corporate governance. This has
resulted in hundreds of new regulations that corporations must
become compliant with over the next 12 months. Auditors and senior
financial managers are relying on technology now more than ever to
meet these requirements efficiently, and without additional staff
resources. The AuditSoftware.Net site aims to provide these professionals with information they need to bolster their knowledge and access to technology solutions. The site contains in-depth information on audit and business software including programs to: improve corporate transparency, reduce costs, minimize operational risk, and increase insight and data mining capabilities. For the complete press release click here. Managed Luck This new site offers a series of guides to everyday risk management at work. It is a free resource for internal auditors and risk managers enabling them to engage the interest and enthusiasm of others in their organization with minimum effort. The unusually personal perspective brings out the practical side of managing risk and uncertainty in daily decisions and conversations. It emphasizes the personal benefits of doing so and suggests techniques based on cutting-edge enterprise risk management thinking. It is designed to complement formal corporate programs. Visit the site at www.managedluck.co.uk
Risk Management and Continuous Monitoring By John Verver Financial and operational transactions are increasing in volume and complexity every day. Organizations now find themselves struggling to maintain the minimum required controls expected of them in a new, increasingly regulated, business environment. The traditional audit process is intended to provide assurance that control systems are adequately designed, and within a specific timeframe, operating effectively. However, the audit process typically occurs significantly after the transactions are completed, and is rarely able to test all transactions in a comprehensive way for controls compliance. Therefore, there is a significant risk to many organizations that errors and fraud occur and remain undetected, resulting in a negative impact to their bottom line. For the rest of this
Your Secret Weapon in the War on Fraud The April issue of this fraud newsletter features an article the interviewing techniques to nail fraudsters, how to get the entire organization supporting successful fraud strategies and more. AuditNet® users qualify for special rates on this publication. For more information click here. The AuditNet® Audit Bookstore Looking for books on auditing related topics? We suggest using the AuditNet® bookstore. The bookstore focuses on Internal Audit but includes other related subjects as well. AuditNet® uses Amazon to power the bookstore so each purchase you make through this link helps support AuditNet®. FREE! The Auditor's Guide to Internet Resources 2nd EditionInterested in a free copy of The Auditor's Guide to Internet Resources, 2nd Edition? Write an article for the next newsletter on how you are integrating the Internet in auditing. If your article is selected, I will send you either the book or CD. Send your article to editor@auditnet.org AuditNet® Conference Corner Want to announce your professional association conference to the global audit community? Send the conference name, date and URL details to editor@auditnet.org May 21-23 9th Annual Canadian Fraud Conference (Toronto, Canada) www.cfenet.com/events/CanConf.asp August 3-8, 2003 14th Annual ACFE Fraud Conference & Exhibition (Chicago) www.fraudconference.com AuditNet® Productivity Tips Watch this space for tips! IF YOU HAVE AN EXPERIENCE TO SHARE ON HOW YOU HAVE INCORPORATED THE INTERNET INTO YOUR AUDIT PROCESS, SHARE IT BY SENDING IT TO editor@auditnet.org. Preview of Coming Attractions! The AuditNet Monograph Series provides useful guides for all levels of auditors from juniors right up to audit directors. If you are interested in developing a monograph on a contract basis, send an email to editor@auditnet.org Book reviews and articles on audit software and Sarbanes-Oxley, project fraud, selling risk management internally and other specialized areas are in the works. Have an idea for a column? Send it to editor@auditnet.org AuditNet® is working on new specialized resources for auditors. Watch the newsletter and keep checking the Library page for new resources.
|
||||
article click
format by email in exchange for a contribution of an audit work
program, ICQ or checklist.
