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AuditNet® Newsletter

  Audit Net.72.Sm

The Original Newsletter Created by and For Auditors! Email Sign Up

In The NewsAudit News that's Fit to Print! 

September 2020 

WorkivaWorkiva, provider of the world’s leading connected reporting and compliance platform, is used by thousands of enterprises across 180 countries, including more than 75 percent of Fortune 500® companies, and by government agencies. Our customers have linked over five billion data elements to trust their data, reduce risk, and save time. For more information about Workiva (NYSE:WK), please visit

Logo 102x45 SansArbutus delivers the very best in purpose-built audit analytics technology to meet the exacting demands of today’s auditors, business analysts, and fraud investigators. Thousands of active users in over 50 countries rely on Arbutus to enhance their testing, analysis and compliance capabilities. Find out why many of the world’s leading organizations have made the switch to Arbutus Analytics technology.

Team Mate Logo  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

Idea2019 CaseWare IDEA - Data Analysis Software, is the standard in ease of use for auditors, accountants and financial managers.


Welcome to the AuditNet® Newsletter published  monthly, featuring internal audit related content and resources. Return 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. Subscribers have unlimited downloads to over 3,200 audit templates, programs, risk control matrices, questionnaires, checklists and guides. The Training section provides information about our upcoming Webinars with CPE at  no cost to subscribers and site license users. There is also a link to cRisk Academy providing video-on-demand (VOD) training with CPE, discounted for subscribers and site license users. 

JkbwJim Kaplan CIA CFE and AuditNet® Founder

Calendar Themes(Editorial Calendar)

Topic Digitization, Industry 4.0 & the Internet of Things

The rate of adoption of disruptive digitalization technologies may be different for each company. Therefore, the preparedness level of each IA department to respond to the risks posed will vary. But the overall challenge remains the same: Get comfortable with discomfort. And brush up on what IA can do to deliver assurance and advise in the age of digitalization.

We started our research on this month's topic by Googling (yes that is a verb) 'Digitization, Industry 4.0 & the Internet of Things'. You can easily do the same substituting terms relating to the topic to other specific issues to further customize the results. Over the past 25+ 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. Here is our query with the links to hundreds or resources to help design your audit plan.

Data Analytics for Internal Auditors on a Flash Drive - 6 webinar series Special Pricing Extended! ($149 + $5 shipping)

Since the spread of IT systems has made it a prerequisite that auditors as well as management have the ability to examine high volumes of data and transaction in order to determine patterns and trends. In addition, the increasing need to continuously monitor and audit IT systems has created an imperative for the effective use of appropriate data mining tools.

While a variety of powerful tools are readily available today, the skills required to utilize such tools are not. Not only must the correct testing techniques be selected but the effective interpretation of outcomes presented by the software is essential in the drawing of appropriate conclusions based on the data analysis. This 6 webinar series, based on Richard Cascarino’s book “Data Analytics for Internal Auditors” covers these skills and techniques.

Purchase the series of 6 Webinars on an AuditNet® flash drive. Watch and learn at your own time and pace!

To Purchase the Data Analytics on a Flash Drive add your mailing address and click on the button below to pay. (US only). If non-US contact us for mailing costs.  

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Top 3Top 3 Reasons that Auditors Visit AuditNet® (according to a recent survey)

  1. Finding audit programs
  2. Finding online training with CPE and,
  3. Researching best practices.

Join thousands of other auditors that subscribe or come to AuditNet® through a site license partner and you will have access to over 3,000 audit program templates and be eligible to earn CPE at no additional cost and find best practices from other audit departments! Audit ProgramsAudit Template According to the 2019 AuditNet® User Survey, the main reason auditors visit AuditNet® is to find templates for audit. As a result we moved the current and upcoming audit template additions here for the benefit of users. The following audit templates were added and are now available to subscribers and site license users. Availability based on subscription level. Come to our   site to download a list of all the templates.  (*e-book Monograph Series). NOW OVER 3,200 audit templates - the largest inventory of audit program templates on the Internet! 

The AuditNet® site has always made available a downloadable (Excel csv) list of templates which included the name, subscription level and date added. We have updated the functionality so that the list now includes a description of the templates, number of times that templates were downloaded and a URL direct link to the template. You must be logged in to your subscription or access from a site licensee secure login link in order to download the template from the URL. We added this functionality as a benefit to subscribers and site license users to facilitate downloading. Non subscribers will be blocked from downloading content and be redirected to subscribe. To download the CSV file click on the Audit Templates link on the navigation column, Then click on Download a listing of Audit Programs

To view the most recent additions to the templates click on 'Audit Templates' in the navigation panel and then click on 'Added'. You may also search using the 'Search Audit Programs' box.

Template Additions This Month (there are pandemic checklists and audit templates available-sign up now for a free subscription) 

  1. Audit Findings Tracker
  2. Clinical Documentation Audit Review
  3. COSO ERM 2017 Review and Revision Regulatory-and-Legal
  4. COSO ERM 2017 Review and Revision Treasury
  5. GRC Checklist
  6. IT Risk Management Framework - IT Maintain IT Management Controls optimize-the-IT-Function
  7. Key Performance Indicators Review Checklist
  8. Peer to Peer Lending Information Systems Audit
  9. Peer to Peer Lending Operations
  10. Programa Auditoria Compras
  11. Programa Auditoria Tesoreria
  12. Purchase audit program
  13. Social Media Operations
  14. Supplier Quality Management Review
  15. Treasury Audit Program

Template Additions in the Queue  

Here's what's coming!

  1. Anti Fraud Templates - Financial Statement Fraud Misclassifying Assets
  2. COSO-ERM-2017-Performance-Implementing-risk-response-Marketing
  3. COSO-ERM-2017-Performance-Implementing-risk-response-Procurement
  4. GDPR-Article-40-Internal-Controls-Code-of-Conduct-for-controller&Processor-B
  5. GDPR-Article-41-Internal-Controls-Monitoring-of-approved-code-of-conduct
  6. IT Control Objective Assess Internal Control Adequacy
  7. IT Control Objective Monitor the Processes
  8. IT Risk Management Framework - IT Benefit Realization
  9. IT Risk Management Framework - Monitoring IT Benefit Realization
  10. Restaurant Audit Program

September-November 2020 Webinars 

AuditNet® and cRisk Academy are pleased to announce an extended partnership. The partnership brings you, the AuditNet® subscriber and site licensee users (ACL, AHIA, Arbutus, CaseWare IDEA, KnowledgeLeader, SAP, TeamMate, and Workiva), free access to cRisk Webinars. This is a complimentary benefit to you, in addition to all the benefits you currently enjoy.   (Note: you must be logged into AuditNet as a subscriber or if you access via a site license you must follow the link from your site licensee to login to AuditNet) If you belong to an audit association or are a vendor or service provider and want to provide your members or clients with transparent access to AuditNet® then please contact us for more information.

CPE - AuditNet® offers CPE for our Webinars. AuditNet® may charge to attend Webinars (rates subject to change). The fee will be waived for subscribers and site license users. Non subscribers and non site license users may have to pay to attend and will also earn CPE if eligible.  Subscribers benefit so subscribe today! Opt In Required to attend the Webinars.

CPE will be issued by cRisk Academy for the Webinars offered through cRisk Academy. There will be a fee for non-subscribers so if you would like to learn and earn free CPE, subscribe today! 

How to Recognize Fraud Patterns Like a Pro Detective featuring Dr. Mark Nigrini  VOD Cost $0 Opt-in required. A recent survey report, Fraud in the Wake of COVID-19: Benchmark Report, prepared by the ACFE, explains that recent events have opened the door to increased pressure, reasonings and opportunities that can lead to occupational fraud. Across all classes of fraud schemes 68% of survey respondents reported increases in fraudulent activity as of May 2020 and 93%o reported they expect an increase in fraud over the next 12 months. To guide auditors in running detective controls, join Dr. Mark Nigrini, West Virginia University Professor and author, and Jeffrey Sorensen, Industry Strategist, for an exclusive review of the fingerprints of fraud numbers. This two-person team will review seven categories of fraud numbers and will demonstrate how to identify these types of numbers using audit software. Sign Up now to watch this Webinar Recording on Demand!

Data Analytics - Choose Your Adventure September 15 2020 12:00 PM EST (1 CPE) Cost $0.  Back by popular demand, we will be digging deeper into data analytics with Joe Oringel and David Poisson from Visual Risk IQ. Since we like to be both educational and entertaining, this session is based on a choose-your-own-adventure theme (like the books you may have read as a child). When you register, you will be asked which data analytics topic areas you would most like to hear during the session and we will focus the discussion on the top 2 areas. cRisk Academy Webinar. Register Now

Implementing and Auditing GDPR Series (9 of 10) September 17, 2020 12:00 PM EST (2 CPE) Cost: $50 (free for subscribers, site license users and IIA members)Protecting personal data has been an important issue for many years. The EU GDPR extends the data rights of individuals, and requires organizations to develop clear policies and procedures to protect personal data, and adopt appropriate technical and organizational measures. UK organizations have had to comply with the Regulation since 25 May 2018, or potentially face fines of up to 4% of annual turnover or €20 million – whichever is greater. Register Today!

Fraud Focus - Where to Focus Your Fraud Efforts September 29 2020 12:00 PM EST (1 CPE) Cost $0. Fraud impacts every person and every organization. Regardless of size, structure, geography, or demographics, every organization is subject to fraud ... and in many organizations management expects internal audit to catch fraud. There are three major categories of fraud. Do you know what they are? There are three things that when present increase the likelihood of fraud. Do you know what they are? There are different types of fraud and some have a much bigger impact on organizations. Do you know what they are? Join cRisk Academy for this Webinar. Register Now!

Touchstone Survey Results Webinar; October 8, 2020 1:00 PM EST (1 CPE) Cost: $0. The 2020 Wolters Kluwer TeamMate Touchstone Study will accomplish two distinct goals. First, it will provide Wolters Kluwer with insights into the current status and aspirational goals of Internal Audit Departments globally and where supporting technology needs to match aspirational goals. Second, it will provide a benchmark for Internal Audit Departments that invest the time in this survey to see how their methodology and maturity stack up against their peers based on the size of the team; industry; location; and years of operation. Opt-in required to attend and earn CPE. Register today!

Implementing and Auditing GDPR Series (10 of 10) October 15, 2020 12:00 PM EST (2 CPE) Cost: $50 (free for subscribers, site license users and IIA members) Protecting personal data has been an important issue for many years. The EUdures to protect personal data, and adopt appropriate technical and organizational measures. UK organizations have had to comply with the Regulation since 25 May 2018, or potentially face fines of up to 4% of annual turnover or €20 million – whichever is greater. Register Today!

Ethics and the Internal Auditor October 22, 2020 12:00 PM EST (2 CPE) Cost $50 (free for subscribers, site license users and IIA members) 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. Several laws now specifically state that internal auditors, in terms of the act, will be bound by the IIA Code of Ethics. Opt-in required to attend and earn CPE Register Now (limited seating). 

Featured Articles

Featured ArticleThis Month's Featured Articles

Kl Logo Internal Audit Applications of AI: It Doesn’t Have to Be Complicated to Be Effective Summary: This article takes a closer look at how internal audit organizations can get started with AI methods and offers a specific example of machine learning applied to internal audit. Read the rest of the story!

Ia 360 Logo  How Internal Audit Leaders Can Cultivate a Culture of Innovation -   It’s time for internal auditors to think differently. That’s not a new assertion, precipitated by the challenging times the coronovirus pandemic has wrought; companies have been in period of radical change for some time, and corporate leaders, internal audit experts, indeed internal auditors themselves, have implored the profession to change along with the companies they audit. Some caution that internal audit either isn’t moving fast enough or is not making the type of wholesale overhaul it needs to stay relevant in a fast-moving, digital world. Read the rest of the story!

Audit Board 5 Ways Robotics Process Automation Can Assist Internal Audit - Internal Audit can play a role in helping organizations identify opportunities to embed audit automation control activities within business processes and functions. Below are the areas where RPA can make the biggest impact. Read the rest of the story!

Idea2019 The changing role of internal audit and use of technology - The role of internal audit is changing because of increasing business complexity and challenges. Internal auditors understand there is an expectation to fulfill compliance mandates while also reducing costs and providing insight as a strategic advisor to the business. An Ernst & Young survey shows that only 27% of internal auditor functions are considered strategic advisors; of those surveyed, 54% intend to be advisors within the next two years, but their biggest skills gap is in data analytics Read the rest of the story!

Wolters Kluwer Internal audit challenges beyond the global pandemic -  COVID-19, like no one single event in recent years, has starkly brought to attention the need for most, if not all functions across the enterprise to be agile and tech-enabled in order to transcend beyond survival and, more importantly, to thrive in our post-pandemic reality. Read the rest of the story!

Survey Results AuditNet Survey - Internal Audit and Covid-19 - This survey addresses internal audit preparedness for continuing operations during a pandemic and assessing risk for business continuity. We are preparing the summary and it will be available shortly. A webinar on business continuity is under development. Check the Website for updates. 

Writers WantedDo you have experience writing audit procedures? AuditNet® is looking for internal audit professionals to develop engagement work programs and procedures on a contract basis. AuditNet®, the largest repository of audit work programs and templates, is looking for new content including industry specific audit procedures. If you can create risk or internal control matrices, audit program guides, audit procedures or other documentation for conducting compliance, operational or financial audits get in touch with us at info @ Please include a list of documents you can prepare, the industry relevance, and your experience.  Check out our current inventory to see if there are areas missing that you could fill in. Audit documents that include data analytic steps would be given priority.

Mis LogoEmbracing Change: New Strategies for New Challenges - By now, it’s clear to most internal auditors and to those who follow the profession that internal audit is changing very rapidly. The strategies that have worked in the past will no longer be enough to carry out internal audit’s new mandate. Boards and senior management expect internal audit shops to be advisors to businesses that are undergoing rapid change and disruption across the board. That means internal audit must embrace change as well.  Read the rest of this article!

Reciprocity LogoThe Benefits Of Running An Internal Audit For Your Business The common misconception with auditing is that it only applies to large organizations with complex business processes. Conversely, regardless of the type of industry you operate, or size of organization, internal audits offer great insights into the overall functionalities, potential risks, and vulnerabilities while providing possible solutions to business processes. With the complacency of today’s fast-paced technological world, cybercriminals are adapting in locksteps leading to the increase in data breaches, employee fraud, and wasted resources from the hefty penalties and fines leveled against the business. The key role of internal audits is to help organizations accomplish their goals and objectives through systematic approaches and effective risk management. It is imperatively important for businesses that handle highly sensitive client data to monitor internal processes continuously through internal audits for consistencies. Read for more information!

Ia TrainingWebinars1

 2020 Webinar Recordings and Series 

Register for Webinars Offered by AuditNet®. Our 2020 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 training on audit hot-topics? Our courses will hit topics hard and bring you up to speed as you begin your 2020 training. Check out our Webinar offerings with CPE for subscribers and site license users! Missed the live sessions? Connect with our partner site  cRisk Academy to discounted subscriptions for on demand courses with CPE (fee based). 

We continue adding events to our Webinar schedule for 2019 and the registration information will be posted in the Events listing on the home page ASAP. Watch for updates on the dates and registration links! Following are the current Webinars available for registration: 

  Jason MedfordC Risk Logo     The #1 on-demand and webinar training platform for internal auditors. Technical and soft-skills to help you succeed in your career.  - View 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 the same material, but can now watch it when, and where you desire . Any Time, Any Where, on Any Device!

Check out the full schedule of on-demand training available!

AuditNet® Training Plan - Get access to all of the AuditNet® content on cRisk Academy for one low price

Data Analytics for Internal Auditors

Data Analytics for Internal Auditors on a Flash Drive - 6 webinar series

Since the spread of IT systems has made it a prerequisite that auditors as well as management have the ability to examine high volumes of data and transaction in order to determine patterns and trends. In addition, the increasing need to continuously monitor and audit IT systems has created an imperative for the effective use of appropriate data mining tools.

While a variety of powerful tools are readily available today, the skills required to utilize such tools are not. Not only must the correct testing techniques be selected but the effective interpretation of outcomes presented by the software is essential in the drawing of appropriate conclusions based on the data analysis. This 6 webinar series, based on Richard Cascarino’s book “Data Analytics for Internal Auditors” covers these skills and techniques.

Cyber Sec1Fd Templates   Did you miss the AuditNet® Data Analytics for Internal Auditors or the Cybersecurity Webinar Series?  Richard Cascarino conducted a series of 6 Webinars on Data Analytics for Internal Auditors and a 10 Webinars last year on Cybersecurity for AuditNet®. If you weren't able to attend we now offer the complete series of recordings and slides on a flash drive.   Here is the information on this series of recorded webinars and the pricing

Subscription Benefits Benefits for Subscribers? AuditNet® subscribers (and site license users) can choose from over 3,100 templates (audit programs, matrices, checklists, e-books and more) available for download. The templates are meant to be idea generators that help jump start your audit project. But that's not all! Subscribers (all but free) and site license users can register and attend AuditNet® Webinars and receive CPE at no additional cost.  

WhatsnewAuditNet® offers a new delivery method for our Webinars through a partnership with cRiskAcademy. AuditNet® continues adding resources and tools for GDPR compliance. COSO-ERM and IT control objectives. We use a third party to develop GDPR templates and are being uploaded for subscribers and site license users over the next couple of months. There will be COBIT templates, new control matrices, control self assessment templates and more added over this year. 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.

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 get a flash drive with all the templates available to subscribers as of December 31, 2018 (over 3,000). 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  


AuditNet® offers recorded Webinars through, the online platform of Global Artificer an accredited Continuing Professional Development (CPD) Provider in the Philippines.'s platform helps Filipino Professionals improve and promote their proficiency and expertise through online learning delivered by professionals who have mastered their profession.

AuditNet® continues it's commitment to providing resources for the global audit community!

Check out the Webinars available from  cRisk Academy for on demand viewing with CPE: (Recordings available with CPE from cRisk Academy only $9/month for AuditNet® subscribers)

 Fd Webinars AuditNet® added new series to the 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 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 $199. You can use these on your laptop when you are on the road, 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 BENEFIT: 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. 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)
  1. Implementing and Auditing GDPR (10 Recordings) Coming this year!
  2. Minutes to Analytics 
  3. IT Audit (Basic and Advanced (10 recordings)
  4. IDEA Audit Software (12 recordings)
  5. IT Fraud (2017 Series 8 recordings
  6. Internal Audit Basics 8 Recording) 
  7. Auditing with Excel
  8. Auditing with ACL
  9. Cybersecurity for Auditors 
  10. Data Analytics for Internal Auditors 

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 pay $600 less annually! cRisk Academy subscriptions provide on video on demand with CPE for all of our recorded Webinars for one low monthly fee (not per Webinar). 

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FreecpeSUBSCRIBERS 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 no cost 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 approved to attend and their registration link will be revoked. AuditNet® reserves the right to deny any user attendance to the webinars if they opt out of our mailing list. The CPE, registration, and attendance policy is subject to change at our discretion.

It Audit

AuditNet® and Richard Cascarino and Associates offer 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. 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.  IT Audit Recorded Training (no CPE) 10 2 hour Webinars Click  here for more info.

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.
 Videos2AuditNet® Recorded Webinars now available at cRiskAcademy

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