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Guide to the
Sarbanes-Oxley Act: IT Risks and Controls (Second Edition)
Protiviti has published the second edition of its
popular book, Guide to the Sarbanes-Oxley Act: IT Risks and Controls. This
publication is the definitive resource guide on IT risks and control issues
related to compliance with SOX Section 404.
Guide to the Sarbanes-Oxley Act: IT Risks and Controls (Second Edition)
provides guidance to Section 404 compliance project teams on the
consideration of IT risks and controls at both the entity and activity
levels within an organization. Questions and answers in the book focus on
the interaction between the IT organization and the entity’s application and
data-process owners, and explain the implications of general IT controls and
how they are considered at the process level. This guide also explores how
application-control assessments are integrated with the assessment of
business-process controls, and addresses documentation, testing and
remediation matters.
Click
here for the Guide!
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.
HONG KONG - Feb. 14, 2013 – Wolters Kluwer Audit, Risk & Compliance
announced today that it has named Matt Sullivan general manager for its
TeamMate audit management system in the Asia-Pacific region.
In this role, Sullivan will be responsible for overseeing TeamMate’s
expansion efforts in the region, creating new business relationships and
bringing new products and services to the marketplace.
Sullivan joined Wolters Kluwer Audit, Risk & Compliance’s parent company,
Wolters Kluwer, more than 15 years ago and has extensive experience in the
Asia-Pacific region, supporting the company’s growth in China, Southeast
Asia, India and Australia. Most recently, he was managing director of CCH
Australia & New Zealand for Wolters Kluwer, where he oversaw a substantial
portfolio of information and software assets, helping drive growth
organically and through acquisition. Earlier in his career, Sullivan was the
managing director of CCH Asia, based first in Singapore and then Beijing. In
that role, he spearheaded CCH’s entry into China and India. Prior to this,
he lived and worked in Japan, establishing industry partnerships for Wolters
Kluwer in the country.
“As TeamMate expands its presence in the Asia-Pacific region, Matt’s
experience and deep understanding of the marketplace make him the ideal
person to lead operations so we can continue to help growing businesses meet
increasing compliance challenges,” said Mike Gowell, vice president and
global general manager of TeamMate.
“With various countries in the Asia-Pacific region facing new or changing
regulations, many companies are dealing with more complex requirements,”
said Sullivan. “That coupled with rapid growth and development in Asian
economies definitely creates a need for organizations across multiple
industries to manage risk more transparently, and the internal audit process
plays a critical role in that.”
TeamMate is the world’s most widely-used audit management system. More
than 90,000 auditors and over 2,000 organizations across the world rely on
TeamMate to improve the audit process, including risk assessment,
scheduling, planning, execution, review, report generation, trend analysis,
committee reporting and storage.
About Wolters Kluwer Audit, Risk & Compliance
Wolters Kluwer Audit, Risk & Compliance is part of Wolters Kluwer, a leading
global information services and solutions provider with annual revenues of
(2011) €3.4 billion ($4.7 billion) and approximately 19,000 employees
worldwide. Please visit our website for more information.
Technology and
Auditing
AuditNet® -
2012 AuditNet Data Analysis Audit Software Survey
Data analysis technology tools
provide auditors with tremendous opportunities in today's digital world.
However according to the IIA's Global Technology Audit Guide 16 Data
Analysis Technologies released in 2011- although internal auditors have been
doing data analysis for more than 25 years, it has only recently started to
become standard practice.
But is it really standard practice for most internal auditors? A recent
survey conducted by AuditNet on Audit use of Audit Technology revealed that
auditors are using data analysis software tools mainly on an ad hoc basis.
So what is the current state of auditors implementing data analysis software
technology for planning and conducting audits. AuditNet has long held the
opinion that data analytics are not as widely used as the profession would
lead us to believe. The Surveys by leading audit associations and consulting
organizations as well as AuditNet® have highlighted the fact that while
auditors are using some of the technology, most still have a long way to go
to reach a level of maturity beyond the ad hoc usage.
The 2012 Data Analysis Audit Software Survey builds on the 2010 survey we
conducted to determine where auditors are with regards to data analytics
technology and what changes have taken place in the last 2 years. The 2010
survey represents the benchmark against which we will measure the progress
that has taken place to see if the audit use of data analysis software
technology is in fact standard practice.
Summary of
response click
here!
AuditNet Past
Surveys
AuditNet® conducts
periodic user surveys based on relevant or hot topics as well as areas
suggested by our users. Click here for a list of the surveys that we have
completed.
If you have an idea for a survey or would
like us to conduct a survey for a particular subject send us an
email. We are particularly interested in surveys that explore the use of
technology for auditors.
Training Institute
a Wholly Owned Division of
AuditNet®
Training without Travel™ Internal Audit Skills
Series
AuditNet® has joined forces
with Woodington Training Solutions and William Woodington to bring you a structured learning
curriculum for internal audit. The courses are designed to build on skills
developed from prior knowledge or training. Auditors can choose between
the complete series or pick and choose specific courses depending on both
needs as well as budgetary financial constraints.
Following is the schedule of
Webinars beginning in January 2013 (sign up for one or more now)
-
Writing to Achieve Results 1.5 CPE
-
Risk-Based Auditing 1.5 CPE
-
Internal Auditing Basics 1.5 CPE
-
Fieldwork 1.5 CPE
-
Assertiveness Skills for Auditors 1.5 CPE
-
Interim Performance Appraisals for Auditors 1.0 CPE
-
Leading Effective Exit Meetings 1.0 CPE
-
Leadership 101 1.5 CPE
Training without Travel
No CPE Option
AuditSoftwareVideos.com
Data Analytics Using Audit Software - The Latest Tools and Technology
for Auditors!
Click
here to view the video for free!
Click on the links below
for the listed Webinars (may be part of a package however they are also
available for individual sign up)
Click on the following to sign up for individual
Webinars or packages (all Webinars are recorded for viewing at your
convenience. We can only provide CPE certificates for attendance at
the live Webinar)
Training Without Travel
2013
Any Course $300 with CPE for your Entire Department
Audit Software
Anti Fraud
Internal
Audit Skills
Internal
Audit Hot Topics
IT Audit
AuditNet is
now a NASBA Approved CPE Sponsor
How to Build a Business Case for Data
Analytics
by Sean Elrington
Many companies require managers to
prepare a Technology Business Case for any new software purchases. A
persuasive business case for purchasing some desktop audit software
usually includes these elements...
Click
here for the
article...
Growing Need for Internal Auditors to Determine Effectiveness of Technology
Efforts, According to CCH
Internal Audit Technology Survey Aims to Help Auditors Increase Technology
Value
MINNEAPOLIS – Budgetary trends show
companies are putting an increased focus on technology in the audit space,
but internal auditors have room for improvement when it comes to determining
how effectively they are using technology, according to the
CCH TeamMate Internal Audit Technology survey.
The survey,
conducted in September of this year, was completed by 585 internal auditors
across the globe who use the TeamMate audit
management system, offered by Wolters Kluwer’s ARC Logics business.
The survey was developed to help internal auditors see how their peers are
using technology, and consider ways they can use technology more
effectively.
More than 35 percent of the survey respondents experienced an increase in
their technology budgets this year. About 30 percent expect their technology
budgets to increase over the next two years and more than half predict
technology allocations will stay about the same. Less than 15 percent expect
budgets to drop.
However, while roughly two-thirds of respondents say most of their staff
has proficient technology skills, about 80 percent indicate their audit
departments haven’t determined how effectively they are leveraging
technology.
“There are a number of factors that can help auditors better determine
the effectiveness of their technology initiatives, including ongoing
training programs and the implementation of key performance measures,” said
Mike Gowell, vice president and general manager, CCH TeamMate. “Technology
can help ensure key business risks are being managed appropriately and can
greatly enhance auditors’ productivity, but it requires ongoing assessments
to reap those benefits.”
CCH TeamMate’s internal audit experts recommend a five-step approach in
increasing technology value:
- Convey the Right “Tone at the Top” – Strong leadership and
support from the chief audit executive (CAE) can be a key factor
in improving technology value at an organization.
Place a High Priority on Leveraging Technology to Boost
Performance – Members of an internal audit department’s staff
may be using technology tools, but beyond that, they need to
also fully understand all of the applications available to them.
Hire Technology Skills Selectively – Hiring outside talent
with experience in data analytics and data mining can jump-start
implementation of major technology initiatives.
Train, Train, Train – It’s not only about mastering
technical skills, but also retaining them.
Measure What Really Matters – Have performance measures in
place to determine how effectively you are leveraging
technology.
More information about this approach is included with the full results of
the
CCH TeamMate Internal Audit Survey online.
About ARC Logics
ARC Logics
is a provider of proven audit, risk and compliance software solutions,
information and services to more than 2,000 clients in over 100 countries.
ARC Logics combines both solution-specific and enterprise integration to
help legal, compliance, risk, finance and audit departments within an
organization rapidly address their unique risk management needs, while
building a holistic, enterprise-wide program. The business’ prominent brands
include Axentis and CCH TeamMate.
ARC Logics is part of Wolters Kluwer,
a market-leading global information services company focused on
professionals with annual revenues (2010) of €3.6 billion ($4.7 billion),
approximately 19,000 employees worldwide and operations in over 40 countries
across Europe, North America, Asia Pacific, and Latin America. Visit our
website,
YouTube or
follow @Wolters_Kluwer on Twitter for
more information about our market positions, customers, brands, and
organization.
AuditNet®
Community
Sponsor
News!
Thanks to ACL, TeamMate and ThomsonReuters
for sponsoring the newsletter!
Audit Software Training without
Travel No CPE Option
This new AuditSoftwareVideos training option is only
available through AuditNet and AuditSoftware.net
Watch a Sample
ACL – How to Complete a Vendor to Employee Matching Test – Many to Many Join
Excel – How to Automatically Calculate a PivotTable Data Range Using the
OFFSET() function
For a limited time if you sign up for either the ACL or Audit Software
Training without Travel series you will have access to the videos
CAATT Tales
Welcome to CAATT Tales, a column focusing on computer
assisted audit tools and techniques ( CAATTs)
to increase audit efficiency and effectiveness. Donald E Sparks,
CIA, CISA, ARM and Vice President Industry Relations for Audimation
Services, Inc. suggested a column titled Moving Forward with Data
Analysis Q&A to provide a forum for readers to submit questions
about how to best conduct internal auditing related data analysis
activities. AuditNet® renamed the column to
CAATT Tales and expanded the scope to include all uses of
technology to enhance audit efficiency and effectiveness. Audimation
Services Inc., a Houston TX based company is the sole U.S. distributor of IDEA, CaseWare™ Monitor and SmartExporter for SAP
Credit Balance Hide and
Seek
BY DONALD E. SPARKS
Audimation Services, Inc.
A determined internal
auditor and a simple data analysis technique uncover an insurance
company’s fraud against its customers.
David Arnold, the internal
auditor for Amity Insurance Co., began his workweek with a visit to one
of the company’s field offices, where commercial customers interact
with employees and pay their premiums. The audit included a surprise
after-hours inspection to make sure doors and cabinets were locked,
negotiable instruments were not lying around, and live checks were
stored securely.
For
the rest of the story click here!
For previous CAAT Tales click here!
AUDITNET® SURVEYS
Over 400 Auditors
Respond to the AuditNet 2012 Survey on Fraud Detection Techniques Using Technology
The professional standards relating to the auditor’s
responsibility for detecting and preventing fraud changed in 2009 when the
Institute of Internal Auditors (IIA) updated the International Professional
Practices Framework (IPPF). Auditors must now consider fraud risks and red
flags as part of planning audits. In conjunction with these changes the IIA
released Practice Guides for Internal Auditing and Fraud, Fraud Prevention
and Detection in an Automated World (GTAG 13) and Data Analysis Technologies
(GTAG 16). ISACA also issued a White Paper titled Data Analytics – A
Practical Approach.
According to GTAG 13:
Data analysis technology enables auditors and other
fraud examiners to analyze transactional data to obtain insights into the
operating effectiveness of internal controls and to identify indicators of
fraud risk or actual fraudulent activities.
Most audit professionals and fraud examiners are aware
of the ACFE Report to the Nation survey covering how frauds are detected,
who commits fraud and the types of frauds perpetrated. The ACFE survey
found that over 40% of reported frauds are uncovered by tips. The report
does not however ask questions relating to the use of technology in
uncovering frauds. AuditNet is conducting a survey to answer the question
and determine fraud detection techniques using technology.
Here is a
link to an article in CPA Trendlines with the preliminary results. The
survey closed and we are in the process of finalizing the survey results and
support.
We are also developing surveys
for the following topics. If you have an area that you feel would add value
please share it with us.
The State of Audit Management Software Technology Usage
Risk Control and Audit of
Mobile Devices
Flowchart Best Practices for
Internal Audit
Best Practices in Acquiring and
Importing Data
Audit Software Capabilities
Survey
AuditNet Past
Surveys
AuditNet® conducts
periodic user surveys based on relevant or hot topics as well as areas
suggested by our users. Click here for a list of the surveys that we have
completed.
If you have an idea for a survey or would
like us to conduct a survey for a particular subject send us an
email. We are particularly interested in surveys that explore the use of
technology for auditors.
Jim Kaplan, founder of AuditNet will be speaking at the
following events in 2013
ACL User Conference April 2013
Williamsburg Fraud Conference April 2013
Need CPE? Sign Up now for the this month's Webinars by clicking
here!
Remember! Clicking on sponsored ads and visiting their
sites helps support AuditNet®.
AuditNet®
Communication Skills
Words That Comfort
Follow AuditNet on
Update on AuditNet®
Networking and Information
AuditNet® has established new networking opportunities for
auditors through social networking sites such as LinkedIn, Google Groups,
Yahoo Groups and more. LinkedIn's
Professional Audit Information Network has over 4,800 members. What a
great tool which includes group discussions, news and the opportunity to
network with other professionals around the world!
AuditNet continues building the library of resources
with new audit programs, monographs, fraud analytics into
audit work programs and more to provide auditors with a new tools for compliance
with the standards. We are working on a monograph on Building
Fraud Detection into the Audit Process.
New audit programs are also now available.
Subscribers may access these documents now.
AuditNet articles will now include the ability to
provide feedback and comments. We are looking at a way to rate audit
programs as well. Stay tuned!
AuditNet is working on several fronts to enhance the
audit programs and incorporate audit content into other software
applications. One of these applications will begin offering Software as a Service
(SaaS) solutions to requirement management. AuditNet has always
supported new solutions and has encouraged start ups and other software
vendors to enhance their products for both the mainstream as well as the
small internal audit functions. We will continue to seek out
opportunities that offer the global audit community new ways of doing
business.
Benefits of Registration
AuditNet continues to forge new relationships with
software vendors,
professional associations, and audit and accounting sites to provide
auditors with access to audit work programs.
Group Access to AuditNet Audit Programs.
Join the other groups such as
ACL, CCH TeamMate,
Protiviti KnowledgeLeader and the
Association of Healthcare Internal Auditors that have access to all
of the AuditNet audit programs.
If you want your group or professional association (IIA,
ISACA, ACFE, ACUA, ACUIA etc) to have transparent access to AuditNet
audit programs and other content as a benefit of membership contact your
professional association official or group leader and ask them to pursue
this with AuditNet.
Fraud News Feed
Go to the AuditNet Fraud Resource
Center and check out the fraud news feed to keep up to date with
media reported fraud happenings.
The best way to find all the resources on the site is by
going to the AuditNet Library
or use the site search.
Coming Attractions!
AuditNet Inventory
Clearinghouse of Standard Audit Condition Statements (SACS).
AuditNet continues work on building a library of standard audit
conditions (comments/observations/findings). Similar to the audit
programs inventory this will create a clearinghouse of well written
findings to jump start development of audit findings. You will still
need to add the other elements such as criteria, cause and effect
however we have observed over the years that many conditions repeat
themselves.
Why recreate the wheel if someone has already
crafted a well written condition statement?
AuditNet® is working on
an audit program development service. If we don’t have an audit
program in our inventory that meets your needs we will develop a
program if you can provide the type of program you need, along with
the objectives, purpose and scope. This will be a fee based service.
Stay tuned for the roll out of this innovative new program.
We are drafting surveys for cloud computing, mobile
devices and flowchart software and the impact of technology on
internal audit then and now. We will be launching these surveys
later this year.
AuditNet continues working with professional
associations to provide access to the audit program inventory. If
your professional association is not providing their members with
access to AuditNet® then they are
missing a great opportunity. Let your association know that access
to AuditNet® would be a value added benefit they could provide to
members!
The AuditNet Monograph Series
provides useful guides for all levels of auditors from juniors right
up to audit directors. We are currently working on new guides
covering audit basics as well as emerging technologies. These guides
will be available to registered
subscribers. If you are interested in developing a monograph on
a contract basis, 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®
Data Analysis Corner
Pleier Corporation has
partnered with AuditNet® and FraudAware®
to publish “Data Mining for Payroll
Fraud” webinar on CD-ROM click
for details. This is the first
publication of a “Data Mining for Fraud
Series”.
A very popular joint AuditNet(R) and Fraudaware(R)
Webinar of 1 hour and 42 minutes of video recorded live and
distributed on CD-ROM.
Here are some of the benefits of this type data
mining and analysis:
- Reduce control weaknesses before fraud
escalates
- Determine cost impact of fraud
- Analyze complete data sets for fraud
- Efficient and cost-effective ability to automate for
continuous monitoring/auditing
- Uncover specific fraud scenarios and schemes
By attending you will receive expert guidance on:
- Costliest forms of internal and external
payroll fraud
- Who commits payroll fraud
- Gathering accurate data for effective payroll fraud data
analysis
- Powerful and user-friendly audit automation tests and
techniques
- Using data analytics results to improve payroll fraud
preventative controls
- Using meta-data and cross-referencing to produce better
results
- Tools, Techniques and Tips of Data Mining Success
- Much MORE
Finding the Best Resources
for Auditors This Month
If there is one area that we have
excelled at it is finding
the best audit resources for auditors.
AuditNet has a large number of audit programs, checklists,
matrices and more on audit related topics. We also are working with other
subject matter experts to develop audit programs, articles,
guides, training and more on all things relating to audit, fraud, compliance
and more.
Here are some resources and articles for this
month's theme of Forensics and Auditors (the following are provided
for information only and should not be considered a
recommendation or endorsement of the vendor or services provided):
The Benefits of a
Forensic Audit
A forensic audit will investigate and identify
fraudulent behavior but can also serve as a springboard to
establishing control mechanisms that help mitigate the risk of
potential fraud. Forensic accounting can also:
-
Identify areas of waste to improve
operational efficiencies.
-
Calculate economic losses associated with
contract disputes, product liability claims, non-compete
agreements, and, patent and trademark infringement.
-
Help ensure regulatory compliance and assist
with compliance audits.
-
Investigate and quantify professional
negligence claims.
-
Improve executive and managerial
transparency by identifying conflict-of-interest issues.
-
Identify employee fraud, identity theft,
embezzlement, insider training, and security fraud.
-
Help settle monetary disputes between
business partners, shareholders, and marital couples in
addition to insurance claims.
The forensic audit begins in the planning stage
where the objectives of the audit are identified. A series of
tests are performed to gather evidence – or no evidence as the
case may be – which is analyzed for potential fraud. Each step
of the forensic audit is documented and gathered into a report
for executives and shareholders. Its main components are whether
fraud occurred and, if so, who committed it and what were the
monetary losses.
Computer Forensics: A Valuable Audit Tool
Forensic Auditing
If are interested in the best methods of researching for
audit topics or to have AuditNet present at your meeting or conference then just send us an email.
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ACL News
ACL Delivers
Audit and Compliance Management on the iPad®
First Native iPad App with Full
Audit Management Capabilities Now Available
ACL, the company that is transforming audit and risk, announced today
the expansion of its mobile audit and compliance management
product offering with the launch of ACL™ Workpapers for the
iPad®. ACL™ Workpapers for iOS, an extension of the ACL
Workpapers cloud-based audit and compliance management
system, is available for iPhone® and iPad® as a free
download on the
iTunes App Store™.
Click here for the rest of the
story...
Training Institute
a Wholly Owned Division of
AuditNet®
AuditNet® Launches Training without Travel No CPE Option
AuditNet®, an industry leader and trend setter for
technology solutions for auditors launched the Training without
Travel No CPE Program in July 2012. Auditors can join select
Webinars at no cost and benefit from the training without receiving
the materials, recording or CPE. We are offering this option as many
audit department training budgets have suffered based on the weak
economy. To receive offers for CPE and no CPE training make sure
that you are registered with us. You will receive our email
for the vendor sponsored Webinars with CPE, the AuditNet® Training
without Travel Webinars for anti-fraud, data analysis, audit
software, IT audit and Audit Skills, and the select No CPE Option
webinars.
Register here
and opt in for the mailing list.
Training Institute
a Wholly Owned Division of
AuditNet®
in conjunction with:
Anti-Fraud Webinars
March 2013 Travel without Training Anti-Fraud
Webinar Opportunities......
- Using Data Analysis to Conduct Forensic Fraud Audits
(DA-3) Feb. 6 - 2 CPE $99 for one person $300 for your
entire department with CPE
- Essentials of a Highly Effective Employee Fraud
Awareness Program (OF-2) Feb. 13 2 CPE $99 for one
person $300 for your entire department with CPE
- Is Your Payroll Being Plundered (DA-1) Feb. 27 2 CPE
$99 one person or $300 for your entire department with
CPE
Sign Up for any 2 for Only $175 for one person or $500
for your entire department or all 3 for $225 for an
individual or $750 for your entire department with CPE
If you missed any Webinars or would like to view
recordings of our prior events visit our
Webinar History Page
ACL and
Audit
Software
Video JIT Training
Data Analytics for Auditors
Open Source Software for data
mining with a Mac
by Mike Blakely
A number of open source
software packages can be run on a Macintosh computer and are well
suited for data mining and other audit support functions. This
article will provide a brief overview of some of the major packages,
describing the functionality of the package which can support
commonly performed audit procedures.
First, some definitions or scope limitations. To be included in this
article, the software package had to be open source, meaning that
the source code for the package is freely available for download by
anyone interested. Second, there had to be no license cost for
obtaining and using the software. Third, the package had to be able
to run on a Macintosh computer. And fourth, the package had to
provide at least basic audit procedure capabilities. The term “data
mining” is often loosely used, but for the purposes of this article,
the meaning is that defined in Wikipedia...
Click here for the
rest of the story...
Attribute
Sampling Update
by Mike Blakely
Attribute sampling is widely used by auditors
in tests of compliance. Generally, audit samples are used to test
the adequacy of internal controls. An audit sample results in
a sample error rate which can then be used to estimate a range of
probable errors in the population being tested. This range is
known as a confidence interval because the auditor has some degree
of confidence that the overall error rate will be within this
interval or range. Based on whether or not the range is
acceptable, the auditor may decide to perform other audit tests.
Click
here for the
rest of the story!
Previous Articles from Mike Blakely:
Give Your Stat
Sample the Boot Part 1
Give
Your Stat Sample the Boot Part 2
AuditNet®
Exclusive
Online course - Fraud detection using analytics
This is a case study regarding a fictitious mail
order company where an allegation of fraud has been received. A SAS
99 brainstorming session was held, and 11 critical expectations were
developed during that brain storming session. This is a hands on
course. All data and software needed are provided. The case study
can generally be completed in less than four hours.
Objectives
Learn how to use and apply key analytic procedures to detect
fraud.
Pre-requisites
Internet browser (Internet Explorer, FireFox, Opera, Chrome).
Most tablets and mobile devices with Internet browsers should also
work.
Cost None.
CPE Not available.
Length Course takes approximately four hours to complete.
Registration Not required, but must be completed if e-mail
support is needed or quizzes are to be taken.
Getting started Click on
course link , select the course "Fraud detection using
analytics" click "Login as a guest".
Questions or additional info
Mike.Blakley@ezrstats.com
Optional registration
E-mail contact info to address above. You will receive an id and
password within 24 hours. Registered participants can receive e-mail
support, post on the forum and take quizzes.
AuditNet® Subscriber Benefits
Auditors have been visiting and supporting
AuditNet® since 1994 when it was first launched. Over the years we
have offered unique opportunities for auditors including the
following:
Access to over 2,300 audit documents including
templates, matrices, monographs and more
Monthly newsletter with articles and resources
Special offers on subscription renewals
Updates on industry and profession events and news
A sharing and audit program exchange that provides
auditors an option to share programs in lieu of payment
Low or no cost CPE training without travel for
detecting fraud, software training (ACL, IDEA, Excel for Auditors),
IT and Internal Audit. Coming soon basic skills for auditors and
more!
AuditNet® recently was approved to be a NASBA CPE
Sponsor and in conjunction with that we are now pleased to offer a
10% Discount to Premium subscribers on all AuditNet® sponsored
Webinars.
AuditNet® Free CAATTs
Webinar Was a Success!
CAATs are tools specifically created to
help Auditors – they are extremely useful
and the benefits are well known, yet there
are still many audit departments not using
them.
Watch for future free Webinar events offering value added topics
for your audit department and staff!
Click
here
for the link to the recording!
Interested in Writing for AuditNet?
Looking for a Few Good Writers
Writing audit reports are very challenging
for most auditors. A great way to hone your writing skills
is by moving outside the box! Consider writing an article
for AuditNet based on your experiences as an auditors. We
are always looking for practical how-to articles on all
aspects of the audit process. If you are an IIA member this
is also a great way to earn CAP points for your local
chapter. Send your articles to
editor@auditnet.org
TODAY!
AuditNet Editorial Guidelines
Based on the number of articles being contributed to
AuditNet we have developed editorial
guidelines for future submissions. If you are planning to
write an article please review the guidelines
before submission. We appreciate receiving material from the
global audit community in the interest of sharing knowledge. We are also
in the process of guidelines for book reviews and other material
submitted for inclusion on AuditNet.
Conference News
Internal Auditing and Fraud
AuditNet®
Plans More e-Monographs on Fraud Topics
AuditNet® is moving forward with
e-Monographs on fraud and other related topics that will be
added to the subscriber accessible documents over the next 6
months. The planned documents will provide a foundation for
a comprehensive fraud risk assessment in conjunction with
internal audit requirements for detecting and preventing
fraud.
We have been adding at least 10 new resources each
month to the subscriber material. Much of this is focused on fraud
and forensics. Don't miss out on all the old and new material
available to subscribers.
Additionally new monographs are in process
for other areas of audit operations including Key
Performance Indicators for Internal Audit, Business
and Transaction Cycles and Digital Audit Knowledge Resource
Guide. If you would like to submit a proposal for a topic
please send it to auditnet @ gmail.com
AuditNet®
Fraud Auditing Corner
Fraud News
Need to keep up with fraud news and
happenings? There are several options available. One is to
subscribe to the free
ACFE FraudInfo E-newsletter.
Another free resource is the Auditing &
Fraud News. Service for research professionals. Constantly
updated news and information about Business & Companies. Go
to FraudNet and click on the
link Click Here for Fraud News.
Anti-Fraud
Library Launching Soon!
AuditNet and FraudAware are working on a
new anti-fraud resource for professionals. The FRN or Fraud
Resource Network will be
a subscription based service and will consist of
anti-fraud templates, articles, fraud policy samples, CPE Webinars
and non CPE recordings, guides and more. Following are some of the
e-monographs we are planning:
-
Common Financial Fraud Schemes
-
Construction Industry Fraud
-
Detecting Financial Statement Fraud
-
Guide to Implementing Fraud Hotlines
-
Guide to Preventing and Detecting Fraud
Using Data Mining
-
Guide to Anti-Fraud and Fraud Awareness
Programs
-
Guide to Developing an Organizational
Fraud Policy
-
Guide to Detecting and Preventing
Worker's Compensation Fraud
-
Healthcare Fraud
-
P-Card Fraud
-
Payroll Fraud
-
Red Flags of Fraud
Share
your anti-fraud resources for this new site and
you will be provided with a Premium subscription to the
Fraud Resource Network AND AuditNet®.
What's
Coming?
The theme of this month's newsletter is Data Mining for
Auditors and you will find articles and links to resources
focused on that subject. Next month's theme is Audit Software. If you have an article or resource on the theme
please send it along to the
editor.
What's New at AuditNet®
The Latest Resources and Tools from AuditNet®
February 1, 2013 (Oakton, Virginia)
New site is launching this month. We appreciate your
patience as we work through the trials and tribulations of launching
a site redesign. I think it is almost easier to start from scratch
in building a site as opposed to transitioning an established site
to a new design. We have been holding off on adding new programs but
are ready to resume. We will have a new user manual for all of your
visitors that will help you navigate the new site. Audit programs
will no longer be listed in alpha order within the site on a single
page but will be in a keyword searchable database. You can sort
audit programs based on date added, title or rating. We will begin a
project this year to update the audit programs so bear with us as we
go through our vast database of content. Training without Travel
will continue with or without CPE and we offer new opportunities for
audit departments to train and provide CPE at a very low cost.
November 1, 2012 (Oakton, Virginia)
Working on the new site launch with testing. We
have temporarily suspended adding new template to the site but will
make them available to subscribers on request. The task of updating
all pages, checking broken links and other site maintenance is an
onerous task but we are working hard to facilitate the change.
Features of the new site will include easier navigation for visitors
and subscribers, ability to provide feedback on templates. enhanced
site statistics, search capability and more. Social media links will
be included in the site as we launch new opportunities for auditors
to connect. The 2013 training schedule is in planning mode and we
are also updating the subscription and advertiser rate schedules.
Subscribers will have the option to include CPE training classes for
audit software and data analysis as well as internal audit basics
and ethics. Our Training without Travel will offer a no CPE
option on all classes. The Fraud Audit Skills Training will move to
our partner site at
FraudResourceNet with subscription options for the popular White
Collar Crime Fighter newsletter, article archive, fraud templates
and documents in addition to the Webinars.
September 1, 2012 (Oakton, Virginia)
AuditNet® has completed the site redesign and
is currently planning the migration of files and data. We will offer
special pricing for subscription, webinars and more as we launch the
new design. We have another vendor sponsored webinar with CPE this
month and continue to expand our no CPE option for the Training
without Travel™ webinars. Watch for new
subscriber benefits including a Data Analytics Script Library with
ACL, IDEA, Open Source scripts to jump start integrating technology
into your audit process!
August 1, 2012 (Oakton, Virginia) AuditNet®
announces a subscription rate increase scheduled for January 1, 2013
along with new benefits for subscribers including CPE for Training
without Travel. AuditNet® also is expanding the no CPE option for
many of our webinars. This new training opportunity will allow
auditors to sign up for our events at no cost. Only those who pay
for the Webinar will receive the handout material, link to the
recording and CPE.
July 1, 2012 (Oakton, Virginia) AuditNet® released
the summary of the 2012 State of Technology Use by Auditors and
found that there auditors still have much room for improvement.
AuditNet® Training without Travel adds new Webinars focusing on
skills for internal auditors. The new site is nearly complete and we
will be releasing the design details and begin transferring the
content.
Prior What's New at AuditNet!
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Audit
Work Programs Corner
Access to audit programs requires
registration. Free Trials have been suspended pending
completion of the new site redesign. If you would like a trial
subscription send your request to
webmaster@auditnet.org
Subscriptions are open during the site redesign so sign up now! We add
new programs each month. Basic level subscription rates increased to $50 a
year on January 1, 2013. Auditors Sharing Audit Programs is still available.
This innovative approach first offered by AuditNet still provides an in lieu
of payment option for those who cannot afford the price of a
subscription. Templates are available on a 1 for 1 exchange for an original
audit work program not currently in the inventory. If you unable to
share audit programs then consider
subscribing to the premium content which provides you with
access 24/7/365. Interested in a subscription in lieu of
cash? (Offer only available for new programs submitted).
- Accounts Receivable (January 2013)
- Communication Matrix (January 2013)
- Lean Six Sigma Reference Tools (January 2013)
- Sales Incentive Compensation (January 2013)
- Travel and Entertainment (January 2013)
AuditNet®
recognizes the above partners that provide their members and clients
access to all the AuditNet audit programs. CCH TeamStores format.
Access through the TeamStores support site. ACL Premium and
Protiviti KnowledgeLeader members access through the respective
members login.
E-Book
for Subscribers to the Annual Audit Programs
AuditNet is building Analytic Enabled Audit Programs (AEP) which
include steps for using data analysis software such as ACL. If you
have a program that uses data analytics and would like to share we
will add it to this new category.
- Electronic Fund Transfer Act (EFTA) (September 2012)
- Equal Credit Opportunity Act (ECOA) and Regulation (September 2012)
- Gramm-Leach-Bliley Act (GLBA) (September 2012)
- Fair Credit Reporting Act (FCRA) (September 2012)
- Homeowners Protection Act (HPA) (September 2012)
- Human Resources Scorecard (September 2012)
- Network Patch Management Testing Steps (September 2012)
- Real Estate Settlement Procedures Act (RESPA) (September 2012)
- Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) (September
2012)
- Workpaper Documentation (September 2012)
Last Month's Additions
- Contingency Plan Template (August 2012)
- Dashboard Tool (August 2012)
- Feasibility Study Template (August 2012)
- Goodwill Testing Workbook (August 2012)
- Inventory Test Workbook (August 2012)
- Network Management Process Maturity Assessment Tool (August 2012)
- Project Implementation Plan Template (August 2012)
- Project Management Checklists (August 2012)
- Software Transition Plan Template (August 2012)
- System Access Testing Workbook (August 2012)
Ask
the Auditor
Each month I select one question submitted to Ask the Auditor or the
LinkedIn Professional Audit Information Network and
provide an answer using the same digital tools and techniques that I
recommend to all auditors.
SOX Key Control
Certifications
 Q;
Can anyone provide advice regarding internal audits of cloud
computing management, particularly governance issues, for non-IT
auditors?
 A:
There are a number of resources such as
Auditing Cloud Computing: A Security and Privacy Guide by Ben
Halpert from Wiley. The author explains what cloud computing is
and the security and risk issues that auditors need to be aware of.
A Cloud Computing Audit Checklist is included as an appendix.
Richard Cascarino's
Auditor's Guide to IT Auditing (2nd ed) includes several
chapters on Cloud Computing. We recently
reviewed Richard's book.
ISACA has books and other material available to their members as
well as some articles:
There are also a number of documents available to AuditNet
Premium subscribers on this topic including:
- Cloud Computing Risks and Benefits
- Cloud Computing - Security Considerations
I hope that these resources will provide some guidance!
If you want to chime in on this then please do.
Release the Writer in
You!
Looking to Earn
Some Extra $$?
AuditNet is interested in hiring experienced auditors
to create content for our subscribers. If you are interested
in writing audit programs, ICQs, questionnaires, or control matrices
on a work for hire basis please contact me. If you may know of
anyone who would be interested in this as well please pass along our
contact information.
Professional Networking Discussion Forums and More from AuditNet®
AuditNet.org is now on Facebook
Twitter too! @auditnet
Join The LinkedIn
Professional Audit Information Networking Group
Sign up for the free:
AuditNet Newsletter (monthly)
Audit programs discussion list
General audit discussion list
SOx
discussion list
Training Institute
a Wholly Owned Division of
AuditNet®
in conjunction with:
AuditNet and Richard Cascarino & Associates developed training for IDEA
Software and IT Audit. This training for May and June 2012 is as follows (previously
recorded courses are available as well):
IDEA Software Training
Importing Data from Reports using the IDEA Report Reader June 12, 2012
IT Audit Training
Auditing Contingency Planning June 26, 2012
AuditNet® Vendor News
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here for the latest news from our AuditNet®
AuditNet®
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other related subjects as well. AuditNet® uses Amazon to
power the bookstore so each purchase you make through this link
helps support AuditNet®.
As a reminder, Pleier Corporation offers 10 % discounts
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take this discount order online and enter the word AUDITNET in the coupon
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Click
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Check out Training on CD
A Practitioner's Guide
to Corruption Auditing
Exceeding Expectations for Internal Auditors
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