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AuditNet®
Community
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AuditNet®.
Attracting great candidates for your internal audit department
To attract and retain top internal audit candidates, companies must
create a compelling work environment, provide training and continuing
education, and help position auditors as essential members of the
organization. In this article, internal audit directors share their advice
on attracting great candidates.
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!
Embedded Risk Management Survey Results
The results of last month's survey on risk management have been collated
and published by the author, Matthew Leitch.
To see the results click
here!
Application Audits: A
Primer for Internal Auditing Professionals
By Michael Cooke, Practice
Leader at ACL Services
A maelstrom of market, competitive and regulatory
forces, shapes today’s auditing landscape. The auditing style of yesterday,
with its focus on risk matrices and samples, is quickly becoming outdated as
technology rapidly changes the complexion of the auditing environment. Most
notably, the pervasiveness of technology has brought with it speed and
directness to the auditing world. The fact that audits can now be done on a
more continuous and real-time basis has important consequences -- technology
has become both an enabler of audits and a key operational business factor
that must itself be audited.
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!
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®
Fraud Auditing Corner
Sarbanes-Oxley
Implementation
Giving SOX and Fraud Examiners Genuine Clout
By Dick Carozza
The economic pendulum swings widely in the United States . From the
promise of riches and unbridled greed of the '90s to the bursting bubbles
and shocked austerity of the '00s - the country has seen the extremes. When
monolithic corporations crumbled due to fraud and average citizens lost jobs
and pensions, Congress stepped into the gap and created the Sarbanes-Oxley
Act (SOX) of 2002.
This article is from Fraud Magazine, the
professional magazine of the
Association of Certified Fraud Examiners
and is a regular feature of AuditNet under a new cooperative
relationships and partnership with professional associations in
the
interest of sharing resources for the benefit of the global
AuditNet®
community. .
For the rest of the article from the latest ACFE Fraud
Magazine click
here.
The Effective Use of
Benford's Law to Assist in Detecting Fraud in Accounting Data
By C. Durtschi, W.
Hillison and C. Pacini
The authors review the background and development of
Benford's Law, and then show where digital analysis based on Benford's Law
can be used most effectively and where auditors should exercise caution.
For the rest of the article click
here!
AuditNet® Resource List Updates
Click here for the new links!
Please let us know of links that are not
working!
Free Tools for Auditors
Sarbanes-Oxley Software
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.
Click
here for
details.
An
Auditor's Travel Guide
by Jean-Louis Vergaert
"Following a high level interest of the audit community in
the cultural aspect of international auditing, one of our fellow auditors,
Jean-Louis Vergaert, has written a comprehensive book:
An Auditor's Travel
Guide. This book includes many practical, no-nonsense travel tips, and a
personal review of 37 countries, with more to come. It is independent,
unbiased, and free of any sponsorship and advertising. It is hoped that this
book, available free of charge, will give useful tips and advice to the ever
growing traveling auditors community, and be of entertaining reading to all
of us."
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 June 2004 issue includes the
following articles: Internal Cyber-Crime Prevention Mistake: Ignoring Risky
Behavior, E-Mail Evidence Update, Cyber-Fraud Defense: Create an Incident
Response Team Before You Need One, and more. For more information
visit www.cybercrimefighter.net
AuditNet® Conference & Training News
Want to announce your professional association
conference to the global audit community?
Send us conference name, date and URL details or your
Fighting Fraud
With Data Mining Techniques New York City June 2004, Los
Angeles August 2004, Chicago September 2004, Atlanta, October 2004
and Dallas November 2004.
2004 IIA International Conference Sydney, Australia
June 20-23, 2004
IIA Eastern Regional Conference
Hershey, Pennsylvania August 22-25, 2004
IIA Mid-Atlantic Regional Conference
Colonial Williamsburg, Virginia
October 17-20, 2004
2004 ACFE Fraud
Conferences and Training
2004 IIA
Conferences and Training
AuditNet® Vendor News
Check here for the latest news from our AuditNet®
sponsors!
Software Compliance
made easier – Now No One Can Hide!
PCProfile has now released
PCProfiler version 4.5 as the latest in Anti-Piracy controls, as a
vital step for organizations
who want to reduce their risk (of getting caught with illegal
software, music and movies etc) where staff are using an
organizations PCs for downloading and installing unauthorized
items subject to copyright laws.
For the press release click
here!
AuditNet®
Statistics
For
those who like to wade through the details on how popular AuditNet®
is, click
here for the current stats.
Time
Management and Project Overruns
An Advisory
by Kastuv Ray
Timing is very important to the delivery of an internal audit project.
Much more so if you work in outsourced internal audit where the directors
and managers are concerned about profit and chargeable time. Effective time
management can be compared to effective budgetary control. The approach
taken in this article will be to look at time management from the angle of
an outsourced internal audit provider.
Click here
for the rest of the story!
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The Auditor's Guide to Internet Resources, 2nd Edition!
Order it Now!
Survey on Internal Control/Risk Management Recommendations
This month's survey by Matthew Leitch asks about the sort of
recommendations we are prepared to make and what we think we are
expected to make. Although you need to give 10 - 30 minutes to
complete this survey you may find it thought provoking to do as well
as finding the results interesting when they are published next month.
As internal audit moves closer to auditing based on the corporate risk
register we need to learn to make new recommendations - but are we
ready?
Please help by taking the
survey and by strongly encouraging colleagues to participate.
Auditor on the
Net!
Sharing Your
Knowledge With Others?
There are two types of auditors that exist in the online world of
the Internet; those who give information and those who take. The
Internet is a great medium for sharing and you need to have some
knowledge about where you can share as well as what you can share.
There are many "connected" auditors with varying degrees of
experience. There are experienced auditors where the idea of sharing
information in online forums such as discussion groups is new or
foreign. There are other auditors that are constantly asking for
information. My suggestion is that each auditor strike a balance
between giving and taking on the Internet. Don't be shy about offering
to help others when they are seek assistance. On the same note, don't
be afraid to ask for help when you find yourself looking for an
answer. The Internet is the ultimate sharing experience and each of us
grows by giving and taking through Auditors Sharing Knowledge for
Progress!
Jim Kaplan
Auditor on the Net
If you have a tip on how you are using
the Internet or software applications for auditing send them to
editor@auditnet.org Watch for
more Internet boot camp tips 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
 format unless noted otherwise. Some may only be available in
exchange for an audit work program contribution. They are also available in alternate
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 (mm/yy). This was at
the suggestion of an AuditNet® user.
-
ABW Conversion Audit Program (June 04)
-
Bank Reconciliation Audit Program (June 04)
-
Climate Change (Government) ICQ (June 04)
-
Computer Data Processing ICQ (June 04)
-
Cost Control, Inventories and Stores Audit
Checklist (June 04)
-
Financial Audit Program (June 04)
-
Human Rights ICQ (June 04)
-
Individual Retirement Account Program (June 04)
-
Individual Retirement Account ICQ (June 04)
-
Inventory Audit Program (June 04)
-
Lease Audit Program (June 2004)
-
Leave Usage (June 2004)
-
Obesity Reduction Strategy ICQ (June 04)
-
Overseas Bank Accounts Audit Program (June 04)
-
Poverty Reduction Strategy (Government) ICQ (June
04)
-
Publishing Policy ICQ (June 04)
-
SAP Access Risk Procedures Matrix
(June 04)
-
SAP Audit & Control Points (June 04) (Contribution
Required)
-
Sarbanes-Oxley SAP Inventory Cycle ICQ (June 04)
(Contribution Required)
-
Vote Buying (Government) ICQ (June 04)
-
Windows NT 4.0 (June 04)
-
Working Capital Management Audit Program (June 04)
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.
-
Accounts Payable Self-Assessment Questionnaire
(July 04)
-
Annual Risk Assessment Worksheet (July 04)
-
ATM Network ICQ (July 04)
-
Application Security Audit Program (July 2004)
-
Auditing IT Infrastructure and Operations (July
04) (Contribution Required)
-
Board Summary (July 04)
-
Cash Disbursements Audit Program (July 04)
-
Child Support Services (CSS) (July 04)
-
Child Support Services Segregation of Duties
Matrix (July 04)
-
Cisco Firewall Review (July 04) (Contribution
Required)
-
Cisco Router Review (July 04) (Contribution
Required)
-
Claims Compliance Review (July 04) (Contribution
Required)
-
Corporate Governance Process Audit (July 04)
-
Healthcare Employee Claims Processing Work Program
(July 04) (Contribution Required)
-
Finance and Accounting Audit Program (July 04)
-
Finance Department Audit Program (July 04)
-
Finance Department Audit Program 2 (July 04)
-
Insurance Claims Audit Program (July 04)
-
Intrusion Prevention System (July 04)
(Contribution Required)
-
Mercadotecnia (Marketing) Audit Program (Spanish)
(July 04)
-
Penetration Testing and Vulnerability Analysis
(July 04) (Contribution Required)
-
Procurement Financial Controls (July 04)
-
Property Development Audit Program (July 04)
-
Reinsurance Consolidated Audit Program (July 04)
(Contribution Required)
-
SAP Cut-Over Checklist (July 04) (Contribution
Required)
-
Sarbanes-Oxley Financial Reporting (July 04)
-
Server Configuration and Support Review (July 04)
(Contribution Required)
-
Tax Identification Number Compliance & Backup
Withholding (July 04)
-
Tuition Reimbursement Audit Program (July 2004)
-
Vendor Audit Checklist 1- Energy Industry (July
04)
-
Vendor Audit Checklist 2 - Energy Industry (July
04)
-
Vendor Audit Program - Energy Industry (July 04)
-
Windows 2000 (July 04) (Contribution Required)
AuditNet®
What's
New This Month?
This month Matthew Leitch provides the results and
conclusions from his embedded risk management survey. There is
also a
new survey from Matthew for Internal Control/Risk Management
Recommendations. Please help out by taking
the survey. I reviewed How to Say It When You Don't Know What to
Say, Payables Test Set for IDEA, There are many new audit programs in the queue for
the AuditNet® community. All this and more! The best
way to find all the resources on the site is by going to the
Virtual Library or use
the site search.
AuditNet®
CAATT Corner
"Searching for Fraud - Five
Tests for SAS 99 Compliance"
by Carolyn Newman ASI
Find out how to use IDEA to search through electronic
data files for evidence of fraudulent or unusual transactions during
an audit.
For the rest of the story click
here.
AuditNet®
Software Compliance Audit Corner
“As An Auditor, You Don’t Stand a Ghost Of A Chance - Or, Do You?”
This new AuditNet® monograph focuses on the
issues auditors face with imaged PCs being deployed in organizations.
You didn’t know there was a problem? This Monograph will alert
auditors about what to watch out for as there are some tricks and
traps that are being used that might cause some grief for your
organization if the anti-piracy police knock at the front door!
For the new monograph click
here!
Your Secret Weapon in the War on Fraud
The June 2004 issue of this fraud newsletter features
articles on how to interrogate fraud suspects, inventory theft and more. AuditNet® users qualify
for special rates on this publication. For more information click here.
The AuditNet® Audit Bookstore
Corner
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®.
Book Reviews
How to Say It When You
Don't Know What to Say The Right Words for Difficult Times
By Robbie Miller Kaplan
 As
auditors we constantly interact with diverse stakeholders such as
colleagues, managers, employees and others. Frequently we encounter
people dealing with challenging and difficult times that may or may
not be related to work. Our reaction to these situations is conveyed
in our behavior both nonverbal and verbal.
For the rest of the review click
here.
Payables Test Set for IDEA™
by Richard B. Lanza with N. Jill Davies
The second in the series of CAATT books from Ekaros
duplicates the previous ACL volume for users of IDEA™ software.
For the complete review and ordering information click
here!
Top Audit Tests
Using ActiveData for Excel
By Michelle Shein and Richard B. Lanza
In case you haven't seen the latest AuditNet community
information there is a new CAATT available called ActiveData for
Microsoft Excel. I reviewed this Excel add-in software in April 2004.
Now Richard B. Lanza, the guru of CAATTs, has teamed up with Michell
Shein, an instructor with experience teaching auditors skills to
uncover fraud using Microsoft Access and Excel to produce a e-book
showing auditors how to use ActiveData for Excel.
For the rest of the review click
here.
FREE! The
Auditor's Guide to Internet Resources 2nd Edition
Interested 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® Partner Discounts
Check out all the software vendors that offer
discounts to the AuditNet® community.
AuditNet® It pays to be a member!
For information on partner discounts click
here.
Preview of Coming Attractions!
Watch for new articles from contributors. book reviews and
product reviews. We have
some new publications in the queue for review including Auditing the Human
Resources Function, Excel Hacks and Performance Measurement. Also watch for
product reviews of AskSam and Monarch Professional. Do you want a product or
book reviewed or have an idea for a column? Send it to
editor@auditnet.org
The AuditNet Monograph Series provides
useful guides for all levels of auditors from juniors right up to audit
directors. New guides are under development for Software Compliance Auditing,
International Auditing: Cultural Considerations, and Internet Search Skills
for Auditors. We are also working on creating a monograph for Evaluating
Internal Controls in Government. If you are interested in developing a
monograph send an email to editor@auditnet.org
AuditNet® continues adding new specialized resources for
auditors. Watch the newsletter and keep checking the Library page for updates
and new
resources.
AuditNet®
Feedback
Thank you for allowing me to see information in your
site. It is great for people wanting to learn more about the audit process.
An unbiased description of how an audit should be conducted is valuable to
business management. I have worked in industrial management and
administration for over thirty years. While not an accountant myself I have
responsibility for for business functions. Thank you William D. Haynes
This site has been extremely beneficial. I have been able
to attain some new ideas and insights into auditing, and have used these
tools out in the field. Thank You!
I'm glad I had the opportunity to view this web site. I
found it to be very informative and educational at the same time. I'm very
much interested in the CFE. I like the "Audit Programs" information, that is
very helpful in my continuing process as an auditor. Thank You very much.
Lee-Auditor for Imperial Sugar
A good networking platform and for sharing of knowledge.
Had no idea this resource was here
For more comments click
here!
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