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AuditNet®
Community
Sponsor News!
The AuditNet® community has grown by leaps and bounds over the past ten
years thanks to your continued support. Yes it is hard to imagine but it has
been a decade since this community was created! Support AuditNet® by
supporting our sponsors.
Without sponsor and affiliate advertising and contributions from the AuditNet®
community everyone would have to pay for use of this site.
This month check out
Audit Leverage
which uses Microsoft Access for workpapers, risk assessment, staffing and
scheduling, timekeeping, and more. Remember!
Remember: visiting sponsors by clicking on
sponsored ads helps support
AuditNet®.
Meeting 2005 HIPAA Security Guidelines
The next phase of the HIPAA requirements covers the physical security of
sensitive patient records and data contained within healthcare
organizations' databases. The challenge now is to accomplish this in the
absence of specific legislative guidance. There are a number of information
security models out there that healthcare organizations may elect to use.
This article discusses security assessment and brings coherence to the
process of meeting varying security and privacy requirements.
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!
Closing Audit Findings
By Tom Crouch, CPA, CIA, CISA, and Attorney and Linda
Sagraves, CPA
Are auditors just responsible for issuing audit reports and addressing
audit issues or audit findings? Do auditors have a responsibility to write
audit findings in a constructive and workable manner? Should the sole
responsibility for closing audit findings be assigned to the auditees? Do
both auditees and auditors fail when audit findings remain unresolved over
many years? How do good auditors and good auditees approach addressing audit
findings and closing audit findings?
For the complete article click
here!
Construction Contracts
Management Checklists
by
Gursharan
Singh C.M.I.I.A.
It is essential that contractual documents
are comprehensive and relevant from the inception of a contract to the
post-completion stage. The author provides checklists for each stage based
on construction management practices in Malaysia.
For the rest of the article 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.
Online Salary Survey
for Accounting, Finance and Banking Launched
AccountingWEB.com - Jul-13-2004
Accounting, finance and banking professionals have a chance
to voice their experience and opinions about
salaries in this year’s survey from CareerBank.com.
The survey, which covers everything from how people are
finding jobs to how large raises have been in the
past year, is now online and accepting responses throughout the summer. A
report on the results will be released by CareerBank.com in the fall.
CareerBank.com has conducted this survey for five years;
last year more than 2,900 professionals took part in the survey. The site
predicts a record number of respondents to this year’s survey.
The survey is online at
www.careerbank.com
(c) Copyright 2004 - All Rights Reserved
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.
An
Auditor's Travel Guide
by Jean-Louis Vergaert
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 August 2004 issue includes articles
on Stopping Phishers, Computer Forensics 101 for IT, 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 Los
Angeles August 2004, Chicago September 2004, Atlanta, October 2004
and Dallas November 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
U.S. Corporations Struggling to Meet Firs Sarbanes-Oxley Filing
Deadline
67 Percent of Companies Taking Short-Term
Approach to SOX Compliance, Despite Recognizing the Need for
Continuous Auditing and Monitoring, According to New Survey Data
Despite an extension in the deadline from June
15, 2004 to November 15, 2004, half of large U.S. companies
polled are still less than 60 percent complete in meeting their
Sarbanes-Oxley (SOX) Section 404 filing requirements, according
to a survey conducted by
ACL Services Ltd.
and the
Center for Continuous Auditing (CCA).
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.
Recruitment
of Staff - Best Practice
by Kastuv Ray
Intellectual capital and employees are the true wealth of a
company. Therefore, when an organization recruits potential employees it is
necessary to appoint individuals with the appropriate skills and
qualifications and with the necessary background to steer the organization
forward.
Click here
for the rest of the story!
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The Auditor's Guide to Internet Resources, 2nd Edition!
Auditor on the
Net!
Internet and
AuditNet:
A Decade of Change and a Future of Opportunity
August 1, 1994 I started distributing a list of electronic resources
for auditors via the Internet. What changes have taken place over the
past 10 years and what observations can citizens of our cyber
community make about the past and the future of the electronic
information network for auditors? Following are some thoughts from
various members of the AuditNet community about a decade of change and
a future of opportunity.
I just think that AuditNet did the best job of filling the gap
in providing the roadmap to audit information when other's focused
solely on how to profit on sharing the roadmap. It was developed out
of the desire to improve the audit profession and has become the best
collaborative environment for auditors on the Web.
Rich Lanza,
AuditSoftware.net
For more observations from AuditNet® members click
here!
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!
Extra!
Extra! The ASAP Inventory Exceeds 1,000!
AuditNet
Adds an Audit Programs Subscriber Service!
The AuditNet® inventory of audit programs has broken
the 1,000 barrier. The majority of these audit programs are available
for download directly from the AuditNet® site while others are
available on a contribution sharing basis. There are two ways of
obtaining the "contribution required" audit programs; one is to
contribute an original audit program in exchange for one of the
"contribution required" programs. The other way, for those auditors
that cannot or will not share their audit programs, is through the
audit programs subscription service. For
an annual fee subscribers are provided access to current and future
"contribution required" audit programs. Subscribers receive a monthly
update (via email) of new additions to the inventory and access to a
Web page where they can download the programs.
To all those who share their audit programs or
subscribe to the audit programs subscription service AuditNet® says
"thank you!"
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.
-
Accounting Department Audit Program (Aug 04)
-
Accruals Audit Program Guide (August 04)
-
Budget Controls Audit Program
(August 04)
-
Cash Income Controls Audit Program
(August 04)
-
Check Controls (August 04)
-
Claims Process Technical Systems Overview (August
04)
-
Creditor Controls Audit Program
(August 04)
-
Due from Bank Accounts Audit Program (August 04)
-
IT Application Audit Program
(August 04)
-
IT Risk Audit Work Program (August 04)
-
Internal Control Questionnaire (Comprehensive-62
pages) (August 04) (Contribution Required)
-
Internet Audit Program
(August 04)
-
Key Financial Controls Audit Program (26 pages)
(August 04) (Contribution Required)
-
Open VMS Access Controls
(August 04)
-
Packaged Payroll System Audit Program (PeopleSoft)
(August 04) (Contribution Required)
-
Payroll Controls Audit Program
(August 04)
-
Sarbanes-Oxley 404 Process Level Workbook (August
04) (Contribution Required)
-
Sarbanes-Oxley CFO & Controllers Checklist (August
04)
-
Sarbanes-Oxley Control Matrix Personnel & Payroll
Cycle (August 04) (Contribution Required)
-
Sarbanes-Oxley Control Matrix Purchases & Payments
Cycle (August 04) (Contribution Required)
-
Sarbanes-Oxley Control Matrix Revenue & Cash
Collections Cycle (August 04) (Contribution Required)
-
Sarbanes-Oxley Coverage Matrix (August 04)
(Contribution Required)
-
Sarbanes-Oxley Discussion Item Matrix (August 04)
(Contribution Required)
-
Sarbanes-Oxley Financial Reporting Risks and
Controls (August 04) (Contribution Required)
-
Sarbanes-Oxley Fixed Assets Risks and Controls
(August 04) (Contribution Required)
-
Sarbanes-Oxley Generic Stand Alone Application
General Control Review (August 04) (Contribution Required)
-
Sarbanes-Oxley HR and Payroll Risks and Controls
(August 04) (Contribution Required)
-
Sarbanes-Oxley Segregation of Duties Matrix
Personnel & Payroll Cycle (August 04) (Contribution Required)
-
Sarbanes-Oxley Segregation of Duties Matrix
Revenue & Cash Collections Cycle (August 04) (Contribution
Required)
-
Sarbanes-Oxley Timeline (August 04) (Contribution
Required)
-
Short-Term Investments Audit Program (August 04)
-
Travel Audit Program (Government)
(August 04)
-
Unix Configuration Questions (August 04)
-
Unix System Questions (August 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.
-
Applications Controls Questionnaire (Sep 04)
-
Car Rental Audit Program
-
FDA IRB Evaluation Checklist (Sep 04)
-
Fixed Assets ICQ (Sep 04)
-
HIPAA Privacy Audit (Sep 04)
-
Inventories ICQ (Sep 04)
-
EDP-IT General Controls Review (Sep 04)
-
Foundation Audit Program (Sep 04)
-
Generic Flow Charts (46) -Visio Format (Sep 04)
-
ITIL Change Management Audit Program (Sep 04)
Contribution required
-
Labor System Audit Program (Sep 04)
-
Life Underwriting Audit Program (Sep 04)
Contribution required
-
MS Exchange Email Outlook Audit Program (Sep 04)
Contribution required
-
Oracle Database Audit Program (Sep 04)
Contribution Required
-
Password and Security Controls (Sep 04)
-
Payroll ICQ (Sep 04)
-
Performance Management ICQ (Sep 04)
-
Purchasing & Accounts Payable ICQ (Sep 04)
-
Risk Assessment Worksheet and Instructions (Sep
04) Contribution Required
-
Sales & Accounts Receivable ICQ (Sep 04)
-
SAP Processing Monitorization Checklist (Sep 04)
-
Sarbanes-Oxley 404 Network Security (Sep 04)
-
S-Ox ICQ Accounts Payable (Sep 04) (Contribution
Required)
-
S-Ox ICQ Accounts Receivable (Sep 04)
(Contribution Required)
-
S-Ox ICQ Cash Disbursements - Treasury (Sep 04)
(Contribution Required)
-
S-Ox ICQ Credit & Collection (Sep 04)
(Contribution Required)
-
Using the Work of Internal Auditors Checklist (Sep 04)
-
Web Applications Due Diligence (Sep 04)
-
Whistleblowing ICQ (Sep 04)
-
Windows NT 2000 Audit Program (Sep 04)
AuditNet®
What's
New This Month?
There are now over 1,000 documents in the audit
programs inventory! This month there are new articles including
Construction
Contract Checklists by Gursharan Singh. I also reviewed the Corporate Fraud
Handbook by Joseph T. Wells, added a Sarbanes-Oxley section for
Ask the Auditor, and created a Sarbanes-Oxley Audit Resource
Center (SARC). There is a new audit
programs subscription service available as an alternative for
those auditors that are unable to contribute material to
AuditNet®. 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
PCProfile Offers AuditNet®
Members
FREE Audit Software
We have created for your use as a member of the AuditNet® community
within your organizations, a pack of FREE audit software that you can
download for use on Legacy Windows 95 and Windows 98 PCs, plus some
other free tools, as follows;
- AUDIT From Floppy for Windows 95 / Windows 98
- AUDIT Server for Windows / 95 Windows 98
- Outlook Task message (OFT and RTF files)
- License Cost Model - this will help you understand much better
what it means if you think 80% compliant is good enough!
Included in the pack are some feature articles and details of audit
software that you can also purchase for Windows NT, XP Pro and Windows
2000 systems, that are attractively priced.
Details are included in the pack about our new Software Compliance
Management Handbook that will be released in August 2004 which will
become your "'Survivors Guide To A Software Compliance Audit" or HOW
TO REFERENCE MANUAL which covers far more detail than any of the
Certified Software Manager courses publish!
For the offer details click
here!
Current Views on
Governance and Compliance
Your Secret Weapon in the War on Fraud
The August 2004 issue of this fraud newsletter features
an article Yes, Auditors Can Stop Fraud If They Know What to Look For,
How to Foster Fraud: Forget Ethics and more. They also published their first industry
specific mini-special report for the hospitality industry. 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
Corporate Fraud Handbook: Prevention and Detection
 by Joseph T. Wells
Corporate fraud; what’s it all about? Joseph T. Wells, the founder and
Chairman of the Association of Certified Fraud Examiners explains it
to us from A to Z in this desktop handbook. I am sure you will be
asking why you need another book on fraud prevention and detection.
For the rest of the review click
here!
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.
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 an electronic copy of the book.
Contact us for details.
AuditNet® Partner Discounts
Axxiom's Axis Risk Management Software for SAP
R/3 is being made available to AuditNet® members at a 5% discount.
PCProfile is offering up to a 20% discount to AuditNet® member for
their products! 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!
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 Sarbanes-Oxley, internal
controls and Internet for auditors. If you are interested in developing a
monograph on a contract basis, contact
us.
Watch for new articles from contributors including one on
construction contract management checklists. We have some new
publications in the queue for review including Auditing the Human Resources
Function, AskSam, Monarch Professional and more so watch the newsletter. Have
an idea for a column? Contact us.
AuditNet® continues adding new specialized resources for
auditors. Watch the newsletter and keep checking the Library page for updates
and new
resources.
AuditNet®
Feedback
This is a very useful and informative website for the
audit professionals. I am very pleased with the content and the organized
structure of the site and accumulation and presentation of the information.
This site should be improved and enhanced with knowledge sharing and
co-ordination of the professionals in the various audit fields.
Just wanted to let you know and others that I've been
using this site for years as resource and definitely has contributed to
success on projects.
Although in practice for thirty I years I keep learning.
CONGRATULATIONS for this site which I find interesting and useful to
everyone. I shall try to sent you some material which can be add on to the
existing one
For more comments click
here!
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