Spot analytics applied in specific situations throughout the year can be effective but are limited in relation to the continuous application of analytics across all audits. In this training, we will outline the steps to turning periodic tests to continuous reviews, while explaining the benefits of consistent application of analytics on a business process.
Specific learning objectives include:
- Take two sample audit areas, define the periodic tests generally performed and then explain the approach to making the higher risk areas more continuous
- Automating user access control reviews.
- Gaining comfort with the entire population using a variety of audit areas as examples.
- Testing specific system input, processing and output controls in a variety of audit areas.
- See how to quickly gather report ideas and techniques for analysis, as well as, obtain a list of some of the top fraud tests by process area
- Prioritize the top red flags of financial statement fraud and misappropriation, based on research culled from recent surveys and how to continuously assess them throughout the year
- Explore data quality tests from statistical numeric to unstructured textual analytic approaches
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
Delivery Method: Self-Study
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.