The Original Newsletter Created by and For Auditors!
Audit News that's Fit to Print!
August 2018 - Innovation Impact
In today’s dynamic and disruptive world, most organizations are undertaking some form of fundamental transformation. Whether they are developing new products and services, refocusing on customer expectations, exploring new technologies, entering the next phase of their push to globalization, or simply seeking new efficiencies, radical change is now an everyday fact of life. Organizations and their internal auditors cannot afford to be static if they want to survive in this environment. (source: https://iaonline.theiia.org/2017/Pages/The-Innovative-Internal-Auditor.aspx)
Wolters Kluwer is dedicated to helping to solve their customers most pressing needs. Solutions include: TeamMate AM, audit management; TeamMate CM, controls management; and TeamMate Analytics, data analysis. Together, this ecosystem of solutions provide you with confidence you need to manage all aspects of risk identification and assessment, electronic working paper creation and management, controls framework management, and data analysis. Learn more at www.TeamMateSolutions.com
CaseWare Analytics IDEA - Data Analysis Software, is the standard in ease of use for auditors, accountants and financial managers.
Welcome to the AuditNet® Newsletter! AuditNet® an auditor owned and operated Web site publishes a monthly newsletter featuring articles, new content, surveys on audit use of technology, white papers, and audit related monographs and other timely information. Return to our site every month to read the latest Audit News That's Fit to Print. The current newsletter theme will be displayed at the top of the newsletter and you will find articles and information related to that theme. The events section provides information about our upcoming Webinars with CPE at no cost to subscribers and site license users. There is also a link to a subscription for on-demand training with CPE from cRisk Academy discounted for subscribers and site license users.
Jim Kaplan CIA CFE and AuditNet® Founder
This Month's Theme Innovation Impact
We started our research on this topic by Googling (yes that is a verb) 'Innovation and Internal Audit'. You can easily do the same substituting terms relating to the topic to other specific issues to further customize the results. Over the past 20 years we have developed an expertise in finding relevant information for auditors. These links are provided to add to your knowledge bases on the theme of this month's newsletter.
- Investing in Internal Audit Innovation Is Key to Delivering Business Value, According to PwC
- Share Your Toys: Leveraging Audit Technology across the Three Lines of Defense
Looking for Internet of Things audit program templates? AuditNet® subscribers can download templates from our growing inventory!
Looking to Improve Your Audit Cycle? Try This - In today’s competitive business landscape, most departments, including internal audit, must continually operate more efficiently and add greater value to the business. “Like every other area of the organization, we’re strapped for resources,” says Tony Redlinger, director of internal audit with IHS Markit, a provider of insight and information. “We have to do more with less.”
To meet this goal, internal audit has to boost its performance throughout each stage of the audit cycle. The guidelines below can help you improve the risk assessment, planning, execution, and reporting stages of the audit cycle. Read the rest of the story!
Digital Innovation: From Boardroom to Execution - Summary: For digitalization in today’s environment, companies need to ensure an agile, actively managed and risk-aware approach around six key elements: strategic alignment, people, processes, technology, customer experience and partnerships. Read the article now!
Have You Met the New Ethics Requirement for Internal Auditors? - The Institute of Internal Auditors (IIA) updated it's CPE requirements for 2018 and now requires 2 hours of ethics CPE each year. There are several AuditNet® options for meeting this requirement. Site license users and current subscribers (not free or trial) can register for our December Webinar, attend and earn CPE at no charge. Alternatively here is a list of ethics training available on cRisk Academy:
- Converging Ethics, Governance, and Culture https://ondemand.criskacademy.com/p/converging-ethics-governance-and-culture
- Ethical Decision Making Models https://ondemand.criskacademy.com/p/ethical-decision-making-models
- Ethics for Accountants and Auditors https://ondemand.criskacademy.com/p/ethics-for-accountants-and-auditors
- Ethics for Internal Auditors https://ondemand.criskacademy.com/p/ethics-for-internal-auditors
- How to Develop Ethical Fitness in Your Organization https://ondemand.criskacademy.com/p/developing-ethical-fitness-in-your-organization
AuditNet® is adding resources and tools for GDPR compliance and audit. We are contracting with a third party to develop GDPR templates and they will be available to subscribers and site license users in the next couple of months. AuditNet® continues to be the most comprehensive online portal for the global audit community. Watch for new templates available to subscribers and site license users (ACL, IDEA, TeamMate, KnowledgeLeader, AHIA, and SAP), Webinar fees are waived for subscribers and site license users. Check the AuditNet® Library for the GDPR resource page.
AuditNet® Launches a New Survey! Rapidly changing technology is disrupting business on a massive scale: big data, cloud computing, virtual supply chains, artificial intelligence, existential dependence on connectivity.
Does your internal audit function have the talent pool and tools to help your organization address a risk landscape inundated with change from emerging technology? Take our Survey and share your knowledge and experience with disruption!
Detecting Corruption with Analytics: A Roadmap By Rich Lanza - The Association of Certified Fraud Examiners (“ACFE”) classifies corruption into four schemes: (1) bribery, (2) illegal gratuities, (3) economic extortion, and (4) conflicts of interest. Corruption is essentially the abuse of entrusted power for private gain; it uses a company as a tool for personal gain which is contrary to the official or fiduciary duty of the organization.
Companies serious about reducing fraud within their walls need to recognize that regardless of their size and type, corruption is one of the most pervasive and impact fraud types. It can occur in any department/division making purchases or from the other side of the business transaction in the company sales cycle. Read on for the rest of the story.
Audit Program Template Update
Audit Templates and Programs Content additions (audit programs, monographs) The following programs were added this month and are now available to Premium, Group and Enterprise Site License users. Come to our site to download a list of all the templates. Current Month Additions
- AML CFT Self Assessment Checklist
- AML Questionnaire
- COSO Internal Control Framework - Control Activities - Petty Cash
- COSO Internal Control Framework - Control Activities - Product Accounting
- COSO Internal Control Framework - Control Activities - Quality Management
- GDPR Audit Checklist
- Libraries Technology Controls Testing Steps
- Procurement Audit Program
- QA Report on Internal Audit Department
- Security Matrix
Next Month AuditNet® Additions
- COSO Internal Control Framework - Control Activities - IT-Backup-and-Media
- COSO Internal Control Framework - Control Activities - Security
- COSO Internal Control Framework - Control Activities - Taxation
- Data Protection Impact Assessment Questionnaire
- Fraud Investigation Report
- GDPR HR Data Audit
- Sample Internal Audit Certification Format
Templates on a Flash Drive - Tired of searching and downloading the templates one by one. We now offer the "AuditNet® content Templates on a Flash Drive" for individuals and companies. We have set up the ability for individuals, groups and vendors to acquire and use the AuditNet® content. Individuals and groups will be able to purchase a flash drive with all the templates available to subscribers as of December 31, 2016 (almost 2,700). The templates on a flash drive can be used for non-commercial use within your own organization (no sharing with others). Pricing will be based on staff size. Vendors will be able to acquire the templates for commercial purposes under a separate licensing agreement. The pricing for the "Templates on a Flash Drive" is available now. If you are interested in pricing or have other questions on this new option send an email to email@example.com.
AuditNet® is offering recorded Webinars through CPDPhilippines.ph, the online platform of Global Artificer an accredited Continuing Professional Development (CPD) Provider in the Philippines. CPDPhilippines.ph's platform helps Filipino Professionals improve and promote their proficiency and qualifications through online learning delivered by professionals who have mastered their profession.AuditNet® continues it's commitment to providing resources for the global audit community!
CPE Update for 2018 - AuditNet® will offer CPE as a NASBA approved sponsor for select Webinars. Please check the Event listing for the 2018 classes that will be eligible for NASBA CPE. Effective May 1 AuditNet® will charge $25 for all Webinars. The fee will be waived for subscribers and site license users. Non subscribers and non site license users will have to pay the $25 to attend and will also earn CPE if eligible. Subscribers benefit so subscribe today!
AuditNet® Webinar Fee Update Effective May 1, 2018 For the details click here!
Register for Webinars Offered by AuditNet®. Our 2018 Webinar program features high quality presenters on technology and skills topics. Who says you have to make a drive and give up a day in the office to receive quality education on audit hot-topics? Our courses will hit topics hard and bring you up to speed as you begin your 2018 training. Check out our Webinar offerings with free CPE for subscribers and site license users! Can't make the live sessions? Connect with our partner site cRisk Academy to discounted subscriptions for on demand courses with CPE (fee based). Seating for the AuditNet® 2018 Webinars is limited. Registration and attendance will be free for subscribers and site license users subject to the seating capacity of 1,000 attendees. Registrations for non subscribers or non-site license users who opt-out of our emails will be cancelled. Non-subscribers and non-site license users who would like to earn CPE must meet eligibility criteria AND pay a CPE processing fee. All registrations are automatically approved however this does not guarantee attendance for those who do not meet the AuditNet criteria. Following are the current Webinars available for registration:
- Cybersecurity Series (8 of 10) -Administrative Control Breaches (*) - August 2 (12 PM) 2 CPE (Register Now)
- The Future of Auditing and Fraud Detection September 12 (12 PM) 1.5 CPE (Register Now)
- Cybersecurity Series (9 of 10) - Vulnerability Assessment (*) September 14 (12 PM) 2 CPE (Register Now)
- Cybersecurity Series (10 of 10) - Advanced Persistent Threats and Targeted Cyber Attacks(*) September 27 (12 PM) 2 CPE (Register Now)
- When Data Visualizations Just Don’t Work: The Rise of the Auto-Extractors December 12 (12 PM) 1.5 CPE (Register Now)
- Ethics and Internal Audit (*) December 18 (12 PM) 2 CPE (Register Now)
(*) Webinars offering NASBA CPE Following are the 2018 Webinars available from cRisk Academy for on demand viewing with CPE:
- Audit Analytics and the Agile Auditor: Starting an Analytics Project July 24 1:30 PM 1 CPE (Recording available with CPE from cRisk Academy)
- Super-Data-Charging Your Corruption Reviews With Integrated Analytics (Recording available with CPE from cRisk Academy)
- Cybersecurity Series (1 of 10) - Cyber Defense- (Recording available with CPE from cRisk Academy)
- Cybersecurity Series (2 of 10) - SANS SEC440: Critical Security Controls (Recording available with CPE from cRisk Academy)
- Cybersecurity Series (3 of 10) - Malware Defense (Recording available with CPE from cRisk Academy)
- Cybersecurity Series (4 of 10) - Boundary Defense Mechanisms (Recording available with CPE from cRisk Academy)
Cybersecurity Series (5 of 10) - Controlling Ports and Network Devices (Recording available with CPE from cRisk Academy)
- Cybersecurity Series ( 6 of 10) -Application Security (Recording available with CPE from cRisk Academy)
- Cybersecurity Series (7 of 10) - SEIM Log Analysis (*) - July 12 (12 PM) 2 CPE (Recording available with CPE from cRisk Academy)
- Establishing Effective Communication Skills for Auditors - (Recording available with CPE from cRisk Academy only $9/month for subscribers)
- How to Data Mine Your Print Reports - (Recording available with CPE from cRisk Academy only $9/month for subscribers)
- Ethics and the Internal Auditor - (Recording available with CPE from cRisk Academy only $9/month for subscribers) If you missed this Webinar we have scheduled another session for December 2018. Check the event listings.
- Introduction to the Internal Audit Process
- Essentials of Audit Fieldwork
- Conducting Risk-Based Audits
- Effective Report Writing Skills for Auditors
The 2018 AuditNet® series of Webinars focusing on Cybersecurity is coming to a close. As new information technologies and approaches emerge, associated business risks undergo minor to significant transformation, and, in many cases, have far-reaching consequences for the organizations adopting such technologies and its stakeholders. Organizations are increasingly looking up to their Internal Auditors to provide independent assurance whether risks to the enterprise are managed well and advise thereon. With information technology becoming an inherent critical success factor for every business and the emerging threat landscape, there is significant urgency on internal auditors to equip themselves on IT audit essentials. Register Now for the last three webinars and watch for the complete series on a flash drive!
This webinar series is designed to help internal auditors looking to equip themselves with competencies and confidence to handle audit of IT controls and information security, and learn about the emerging technologies and their underlying risks. The links for the first 5 CyberSecurity Webinars are now available via the AuditNet® newsletter. Visit the events page for registration links.
Ethics Training for Auditors - In 2018 AuditNet® offered ab ethic training for Auditors Webinar to meet the new IIA requirements for those holding IIA certifications. Richard Cascarino, a regular guest for our series will lead the session. From time-to-time internal auditors are faced with situations which call for them to make an ethical decision. In addition, they may, in the middle of auditing, come across circumstances which themselves appear to be violations of a corporate code-of-conduct. Sign up now for the December 2018 repeat of the Ethics training. (Look in the Events listing for registration details).
- Several laws now specifically state that internal auditors, in terms of the act, will be bound by the IIA Code of Ethics.
- This webinar explores the IIA Code of Ethics as it applies to everyday situations the auditor may encounter.
on a AuditNet® added new series recordings to it's growing list of training available any where, any place and any time. Check out the IT Fraud and Internal Audit Basics recordings available on a flash drive or for download via Google Drive.
AuditNet® Adds New Key Word Files and Webinar Recording Options (Downloadable or on a Flash Drive) Did you miss our Minutes to Analytics Data Analytics Webinars? Not to worry - we have loaded the 2016 Minutes to Analytics Webinars on a flash drive including the recordings, data files, slides, and an app so you can watch the training at your convenience. The flash drive with all the recordings and files are available for purchase for $199. You can use these on your laptop when you travel, your desktop in your home or office or use them for training your staff. Check out the Webinars on the drive with a link to pay at this article. Unfortunately we cannot offer CPE for viewing these Webinars however at $199 is a great deal and of course the knowledge is "priceless"!
ADDED BONUS: Order any of our audit training on a flash drive (Minutes to Analytics, IT Audit Training, IDEA Audit Training) and you will receive Data Mining for Payroll Fraud on DVD at no extra charge. This is a limited time offer and is limited to the first 75 orders placed. Add a Premium Subscription to any Training on the Go Flash Drives for only $100! The following AuditNet®training is available on flash drives:
Available Webinars on a Flash Drive or Downloadable from Google Drive (including Key Word Analytics)
- Minutes to Analytics
- IT Audit (Basic and Advanced (10 recordings)
- IDEA Audit Software (12 recordings)
- IT Fraud (2017 Series 8 recordings
- Internal Audit Basics 8 Recording)
- Auditing with Excel (coming soon)
- Auditing with ACL (in the queue)
- Cybersecurity for Auditors (in the queue)
Webinars on Your Schedule with CPE
Can't make our live Webinars? Then here an option to watch out previously recorded webinars and earn CPE. We are making all our Webinars available on-demand with CPE from cRisk Academy. You can view the recorded Webinars for only $9/month for AuditNet® Subscribers (Basic, Premium and Site License Users). $59/month for non-subscribers. Subscribers save $600 annually! cRisk Academy subscriptions provide on demand access with CPE for all of our recorded Webinars for one low monthly fee (not per Webinar).
cRisk On Demand Special Offer, an on-line training platform for risk-related professionals. - Access a large library of on-demand training, that is significantly discounted over what you would normally invest in a live, in-person training. You still have access to the same material, but can now watch it when, and where you desire. Sign up and watch Utilize Big Data Analytics Now and earn CPE.
I constantly receive requests from members of professional associations like the IIA, ISACA, ACUIA, ACUA, ACFE, the Association of Local Government Auditors and others who assume that their membership includes access to AuditNet®. Currently the only association that provides member access to AuditNet® is the Association of Health Care Internal Auditors (AHIA). I encourage those who contact me to reach out to their professional associations to set up enterprise site licensing for their members. This would allow association members to access content without having to create a registration or subscription to AuditNet®. In addition all enterprise site license users can attend all AuditNet® Webinars and earn CPE. AuditSoftwareVideos is now AuditSoftwareVideos powered by AuditNet® We add new content and partner with cRisk Academy offering our Webinars on demand with CPE Each month we feature a current recording for all to view.
Richard Cascarino, an AuditNet® Webinar presenter, speaker and subject matter expert has a new book - Data Analytics for Internal Auditors. Read the AuditNet® book review!
SUBSCRIBERS BENEFIT! AuditNet® current paid subscribers (basic and premium) and enterprise site license users enjoy the benefit of registering and attending AuditNet® featured Webinars without paying an event fee (does not apply to free or trial subscriptions). Those who attend will earn CPE. The bottom line is that subscribers have the ability to download AuditNet® content AND earn CPE by attending our AuditNet® featured Webinars! Attendance at our featured Webinars will be limited to the first 1,000 AuditNet registered subscribers and site license user attendees logging in so it is important to register for the events and then log in early on the scheduled day. Due to the limitation on Webinar seats non-subscribers can register and attend the Webinars but must opt-in for our mailing list. Non subscribers or non site license users who attend and want CPE must meet our eligibility criteria and pay a processing fee for CPE. Non-subscribers or non site license users who chose to opt-out will not be allowed to attend and their registration link will be revoked. AuditNet® reserves the right to deny any user access to the webinars if they opt out of our mailing list. The CPE, registration, and attendance policy is subject to change at our discretion.
Are You a CPA? AuditNet® created a CPA Resources page and added templates specifically designed for CPAs.
- How to Prepare for your First Anti-Fraud Review
- Visualize Audit Sampling and Fraud Detection in Excel
- Technology Development: What is the Auditor's Role?
- How to Build a Data Analytics Strategy in a Digital World
- Auditing Social Media
- Are you a Smart CAAT or a Copy CAAT?
- The Right to Audit Clause: What you need to know!
- Maximizing Textual Analytics to Minimize Fraud Risks
- Internal Audit's Role in Ethics, Governance, & Culture
- The Truth Behind Detecting Fraud Using Data Analytics
- What's the Difference between GRC and Combined Assurance?
- The Path to Continuous Auditing: Learn how to make work repeatable
- Agile Auditing - Rethinking the Audit Plan
- Fraud Detection Series
- Risk Based Auditing
- Detecting Corruption and Other Business Conflicts With Analytics (If you want CPE click here)
- Writing to Achieve Results
- How to Get the Right Data for Your Audit in 3 Easy Steps
- Sure Fire Ways to Succeed with Data Analytics
- IT Fraud Series: Fraud and Forensic Accounting
- Top 10 Excel Analytic Tests to Minimize Fraud and Process Risks: Recorded
The following recorded training is offered by AuditNet® and it's Partners and no CPE is provided for viewing the recordings.
AuditNet® has joined forces with Richard Cascarino and Associates to bring you a structured learning curriculum for IT audit. The recorded 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 recordings depending on both needs as well as budgetary financial constraints.The study program consists of 5 modules Basic and 5 modules Advanced spanning a broad range of topics and issues in the IT Auditing field. The emphasis is therefore on practical aspects of internal auditing.The course content is based upon ISACA Framework which has been accepted world-wide as the basis of skills and competencies required for all IT Auditors. (Please note these recordings are presented by a partner of AuditNet® with no CPE provided. Any questions or details of the recordings should be directed to Richard Cascarino.
IDEA Recorded Training (no CPE) - a series of twelve 2-hour recorded webinars designed to build on skills developed from prior knowledge or training. Auditors can choose between the complete series or pick and choose specific recordings depending on both needs as well as budgetary financial constraints.
AuditNet® Recorded Webinars (some of the following recordings may have data files which are available for a fee)
- Essentials for Conducting FCPA Audits
- BYOD Risk, Control and Audit
- Using Keyword Analytics on Unstructured Data Data Files including over 3,000 keywords available for $79
- Using Microsoft Excel in Your Next Internal and External Audit
- Leveraging Excel-Based Analytics in Your Audit and S-Ox Testing of Procurement to Accounts Payable - A Case Study Approach
- How to Request, Import and Normalize Data for a Variety Accounting Packages
The following recordings of our free events are available on our recording site. You must register in order to view these recordings.
AuditNet® has made recordings of a selection of our Webinars available to the audit community in order to demonstrate the power of leveraging technology. These Webinars are part of the AuditNet® commitment to sharing.
The recordings will be available on AuditSoftwareVideos.com Powered by AuditNet our Webinar Channel and YouTube (registration required) for free viewing. If you would like to earn CPE forthese and other recorded events please visit cRisk Academy. The slides for these and other Webinars are available on SlideShare.
AuditNet Recordings Available on GoToStage (Registration Required)
FAQ (Frequently Asked Questions)
What is the difference between the various subscription levels? - Free subscriptions include 150 templates. Basic subscriptions include the free templates plus and additional 1,115 templates. Premium subscriptions include all the free and basic templates more than 1,500 additional templates. Site license users (ACL, IDEA, TeamMate, KnowledgeLeader, AHIA and SAP can download more than 2,800 templates). New templates are added each month to the premium level and older templates are moved to the free and basic level on a random basis.
All AuditNet® Webinars will be available for free registration. Attendance at our featured Webinars will be limited to the first 1,000 attendees logging in with preference to subscribers and site license users so it is important to register for the events and then log in early on the scheduled day. Due to the limitation on Webinar seats, site license users are eligible for the no cost attendance offer subject to proof of site license held. Non-subscribers will still be able to register and attend the Webinars based on availability or if they pay the registration fee. (AuditNet® will continue to offer these no cost events in addition to the AuditNet® featured events open to the general audit population with limited seating). Non subscribers and non site license users can earn CPE if they are willing to pay the processing fee. (rates are subject to change).
AuditNet® also has more than 100 templates in the queue for fraud, construction audit, retail banking, COSO 2013, CPA engagements, not for profit auditing and more. For auditors who would prefer to have all of our templates on a flash drive please contact us for the rates and terms. This is being offered as a solution to those auditors who would prefer having all the templates available rather than downloading one at a time. Software vendors and consultants providing services to clients may also use this option however the pricing and terms and conditions will be different than for individuals.
Audit Bookstore - see all the books that are available for auditors
AuditNet® conducts periodic user surveys based on relevant or hot topics as well as areas suggested by our users. Surveys completed.
- 2018 AuditNet® Internal Audit and Disruptive Technology Survey
- 2017 CPE Survey
- 2017 Audit Technology Capabilities and Needs Assessment (Sponsored Survey)
- 2017 AuditNet® Internet of Things (IoT) Risk, Control and Audit Survey
- 2017 AuditNet® State of Technology Use by Auditors
- 2016 Audit Technology Capabilities and Needs Assessment (Sponsored Survey)
- 2016 Audit Technology Training Effectiveness
- 2015 Data Analytics Audit Software Survey link to the survey responses.
- 2015 State of Technology Use by Auditors Click here for the survey results.
- 2015 Who's Training Your Auditors? AuditNet® Survey of the Impact of Technology Learning Transfer Click here for the results.
- 2014 Survey on How Professionals Find, Track and Maintain CPE Requirement.Read the report or the news item or view the survey results!
- 2014 Audit Use of Keyword Analytics for Compliance and Fraud Detection
- 2014 AuditNet® Survey of Bring your own Device (BYOD) Control, Risk and Audit
- 2013 Fraud Detection Techniques Using Technology 3rd Annual Survey
- 2013 AuditNet Media Risk Control and Audit 2nd Annual Survey
- AuditNet® 2012 State of Technology Use by Auditors 2012
- State of Technology Use by Auditors - over 1,500 auditors responded
- 2012 Survey Report on Data Analysis Audit Software
- AuditNet Media - Risk, Control and Audit Survey 2011
- Fraud Hot Spots 2010
- 2009 Audit Software Survey
Planned Surveys for 2018
- Audit's Role in Cybersecurity
- Social Media Risk Audit and Control
- Keyword Analytics Tools and Techniques Update
- Audit Software Tools and Techniques Survey Update
- Champion/Power User Impact on Leveraging Audit Technology Survey
- Software Tools and Techniques for Managing Audits (TBA)
- Detecting Fraud Using Technology (TBA)
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