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Sponsor News!
Thanks for your support in the past and looking forward to continued support in the future. AuditNet® is a sponsor-supported site. Without sponsor advertising you would have to pay for use of this site. This month check out Paisley Consulting, products that address the needs of today's changing internal audit departments. Products include AutoAudit (audit automation software), and Workforce (audit staff scheduling software). For more information about Paisley Consulting click here. Also check out Cash Flow Guardian, a new sponsor offering a special automated tool for audit control developed by a recognized industry expert. Remember! Clicking on sponsored ads helps support AuditNet®.
Audit Frequency: How often to audit? Recently a KnowledgeLeader member requested guidance about audit frequency. How often should business units and processes be reviewed? What impacts frequency? Audit committees, spurred by business upheaval and regulatory changes of the past few years, are asking more questions about audit cycles and becoming more involved in the process. This article provides some audit cycle guidelines and field experiences. This article 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. For a limited time KnowledgeLeader memberships are available for the reduced rate of $500 per year. Tell them you heard about it from AuditNet.org. Click here for the article. Sarbanes-Oxley and Internal Audit in a Snapshot by Jean-Louis Vergaert
(To address the mounting debate about the requirement to document the internal controls in order to comply with SOX, a new software is now available free of charge. This software allows the user to design risk templates, or to use the comprehensive set of risk templates already included, and to document the controls in place, the corrective measures and follow-up within every business unit. It runs on a simple client version of Lotus Notes (costing less than US$ 100 and downloadable free on IBM site). This software is SOXERM (for Sarbanes-Oxley Enterprise Risk Management). Click here for more information or the manual.) The full Sarbanes-Oxley (SOX) Act is 66 pages long, and you will be surprised to hear that there is only one mention of “internal audit” in it: it is now a prohibited service for the public accounting firms. However, the Internal Auditors know that their life will be impacted. Indeed, SOX significantly affects 2 of our working partners: our distinguished superiors (the Audit Committee and the Company Officers) and the public accounting companies, who are both understandingly worried of their increased reporting responsibilities and the new criminal penalties. For the rest of the story click here! 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. Click here for more jobs! Reducing Excessive ControlsBy Tom Crouch, CPA, CIA, CISA, and Attorney Excessive accounting controls or excessive internal controls may cost far more than many accountants, auditors, and auditee organizations realize. Internal control is the means by which management protects assets and secures data that is essential to a successful business operation. Controls that were cost effective and appropriate when put in place, may become unnecessary over time. Excessive or duplicated controls should be eliminated to save time and money. For the rest of the article click here. Looking for Auditors? If your company has any audit job vacancies that you are looking to fill, have your HR people contact AuditNet® to post the job and search for candidates. Using the jobs section helps support AuditNet® as well! For more information click here. AuditNet® Resource List UpdatesPlease let us know of links that are not working!
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 December 2003 issue includes the following articles: Keep Your Information Secure When You Hand Over the Keys to an Outside Contractor, Information Security Essentials for Frontline Employees and more. For more information visit www.cybercrimefighter.net Exams by Kastuv Ray The mention of the word exam sometimes makes people go pale with fear. This is understandable as who would want to sit on an uncomfortable chair at a desk for three hours answering questions on what you do for a living. If this isn’t unbearable enough, you have to put up with individuals scribbling away, asking for more paper, tapping away on their calculators, while you are there trying to decipher the question. An exam is a challenge just like life. Don’t run away from it. Face it,
head on.
Mr Kaplan....my congratulations for putting the foundation stone of ONLINE INTERNAL AUDITING Deepak Wadhawan The AuditNet web site is a truly a great asset to every internal auditor. It is the first time I have accessed to this resource. I've just got a rough idea of it. What I want is not only to share the knowledge and information there, I also want to contribute my portion to it. I am now in Shanghai 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
Industry Audit Series: Gaming Conference
General Audit Management Conference AuditNet® Book Reviews Payables Test Set for ACL by Richard B. Lanza For the review click here! |
The Auditor's Guide to Internet Resources, 2nd Edition! AuditNet® Internet Boot Camp for Auditors Special Interest Audit Forums As I explored the idea of setting up special interest groups for auditors I had to make sure that I was not reinventing the wheel for some areas. I began a search of the Internet for forums currently in existence that would satisfy the requirements addressing the unique needs expressed by some auditors. Following are some examples that auditors may find helpful:
Watch for new discussion forums that AuditNet® will establish for other groups. Stay tuned for the next Internet boot camp tip from the auditing Internet guru! Audit Work Programs Corner Auditors Sharing Audit Programs and Working Papers The following audit programs, ICQs, checklist
or working papers 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.
AuditNet® What's New This Month? New pages were recently added to AuditNet® for Service Efforts and Accomplishments Reporting and Balanced Scorecard for Auditors. There are new monographs on Audit Follow Up and Risk Based Auditing now available. For these resources and more go to the AuditNet® Online Virtual Audit Library (OVAL). New partner discounts are available from Cash Flow Guardian and Pleier Corporation. A new free tool for Sarbanes-Oxley is available from AAFAudit Fraud/Forensics Pro-Active
Fraud Auditing:
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format unless otherwise specified. Some may only be available in
exchange for an audit work program contribution. They are also available in
format by email in exchange for a contribution of an audit work
program, ICQ or checklist.
Beginning in August 2003 all new programs contributed will include the
date the program was added to the inventory (dd/mm/yy). This was at
the suggestion of an AuditNet® user.
