Incorporating Continuous Analytic Risk Management (CARM) into Auditing
A 2-hour practical case study, with downloadable templates, to help you better incorporate continuous analytics into the whole audit process
Continuous analytic risk management (“CARM”) has been discussed for decades but implemented in select companies. In this informative training, the secrets of continuous reviews and risk management will be explored while outlining the analytics needed to measure financial and operational performance. From assessing risk in the audit plan to planning specific audits, continuous testing and analytic techniques will be integrated for faster decision making.
Specific learning objectives include:
- See how analytics can maximize the annual audit plan and better ensure focus is placed on top organizational risks
- Learn how the general ledger can provide a digital road map for analytics for fraud (and errors) within the organization
- Highlight culturally what audit departments must do to embrace continuous reviews
- Define the top company areas for data integration which allows for efficient continuous testing
- Discover the scope of using analytics across the entire audit lifecycle from risk assessment, to planning, fieldwork, and reporting.
- Understand the basics of dash-boarding top risks and key performance indicators to maintain focus throughout the year
- Walkthrough a specific audit planning with proposed continuous audit tests
This 2-hour training includes downloadable templates, so you can follow along with the practical examples.
This is a previously recorded AuditNet® webinar with Jim Kaplan and Rich Lanza
AuditNet® is the Global Resource for Auditors, and serves the global audit community as the primary communications resource with an online digital network where auditors share resources, tools, and experiences including audit work programs and other audit documentation.
As the first online portal for the global audit community, AuditNet® has been at the forefront of audit websites dedicated to promoting the use of technology. http://www.auditnet.org/
Jim Kaplan, the founder of AuditNet®, became a Certified Internal Auditor in 1984. He has continuously promoted and encouraged the use of technology and the Internet for audit productivity.
As an active member of the IIA, he has held many positions at the local and International level. He is a founding member of the Northern Virginia Chapter and served as Chapter President in 1989. He retired from his government audit director position in 2005. He is the founder and President of AuditNet®, the global resource for auditors, and has been identified as an Internet for Auditors pioneer. Jim's contributions to the profession were recognized by the IIA (2007 Bradford Cadmus award) and the Association of Local Government Auditors (Lifetime Achievement Award). In addition to the IIA, he is a member of the Association of Local Government Auditors and the Association of Certified Fraud Examiners.