Harnessing the Power of Continuous Auditing 1 docx

... easily: 8 & Defining Continuous Auditing FLAST 11 /23/2 010 16 :18 :37 Page 17 Harnessing the Power of Continuous Auditing C 01 11/ 23/2 010 16 :9:4 Page 11 objectives. For one, the application of continuous auditing ... are a few of the myths along with the corresponding truths. Dispelling the Continuous Auditing Myths & 11 FFIRS 12...

Ngày tải lên: 20/06/2014, 20:20

... goals, detail the benefits that the program will produce. Consider the 28 & Continuous Auditing Methodology Development C 01 11/ 23/2 010 16 :9:5 Page 13 development of a continuous auditing methodology ... C03 11 /24/2 010 8:49:57 Page 26 3 CHAPTER THREE Continuous Auditing Methodology Development CONTINUOUS AUDITING METHODOLOGY In an effort to expedite th...

Ngày tải lên: 20/06/2014, 20:20

... the audit 54 C05 11 /24/2 010 9 :14 :22 Page 72 To further enhance the monthly testing frequency for your continuous auditing program, the ‘‘6-9 -12 ’’ methodology is the recommended frequency. The ... C05 11 /24/2 010 9 :14 :20 Page 60 & The area has documented policies and procedures. This will assist the audit team in the proper development of the continuo...

Ngày tải lên: 20/06/2014, 20:20

... approach, and execution of the specific continuous auditing 11 4 & Continuous Auditing: Execution Phase C08 11 /24/2 010 10 :3:38 Page 12 7 your root cause analysis efforts. These keys are listed ... ways to ensu re the success of 12 6 & Root Cause Analysis C09 11 /25/2 010 17 :46:33 Page 13 5 the cause and reduce and/or eliminate the risk and exposure to...

Ngày tải lên: 20/06/2014, 20:20

... discrepancies using the five-component approach. As a matter 13 8 & Continuous Auditing Reporting and Next Steps C10 11 /24/2 010 11 :1: 50 Page 16 6 overseeing the implementation of the corresponding ... single control. Regardless of the number of controls tested or the type of audit Creating the Perfect Action & 16 1 C09 11 /25/2 010 17 :46:34 Page...

Ngày tải lên: 20/06/2014, 20:20

... increase the use of technology Internal Audit Conditions & 19 3 C 11 11/ 25/2 010 17 :49:26 Page 19 2 understand how technology can help in the execution of the continuous auditing program. The discussion ... Conditions & 17 5 C 11 11/ 25/2 010 17 :49:25 Page 17 1 11 CHAPTER ELEVEN Continuous Auditing Conditions CONDITIONS In this chapter, we define an...

Ngày tải lên: 20/06/2014, 20:20

... FFIRS 12 /10 /2 010 14 :5:48 Page 2 FPREF 12 /10 /2 010 14 :24:30 Page 14 FFIRS 12 /10 /2 010 14 :5:49 Page 6 C 01 11/ 23/2 010 16 :9:4 Page 8 not impossible, to effectively ... processes Continuous Auditing Verifies the outcome FIGURE 1. 1 Definition: Continuous Auditing versus Control Testing 10 & Defining Continuous Auditing C 01 11/ 23/2 010 16 :9:4...

Ngày tải lên: 20/06/2014, 20:20

... your team’s goals, detail the benefits that the program will produce. Consider the 28 & Continuous Auditing Methodology Development C 01 11/ 23/2 010 16 :9:5 Page 12 Myth: Continuous auditing has to be ... C03 11 /24/2 010 8:49:57 Page 26 3 CHAPTER THREE Continuous Auditing Methodology Development CONTINUOUS AUDITING METHODOLOGY In an effort to expedite the...

Ngày tải lên: 20/06/2014, 20:20

... C05 11 /24/2 010 9 :14 :22 Page 72 To further enhance the monthly testing frequency for your continuous auditing program, the ‘‘6-9 -12 ’’ methodology is the recommended frequency. The ‘‘6-9 -12 ’’ ... impacts the overall audit. Developing a Testing Objective In the continuous auditing methodology, the creation of the testing objective is crucial to the success...

Ngày tải lên: 20/06/2014, 20:20

... up one of the most critical components of the approach phase of the continuous auditing methodology. The complete and full development of this plan determines the success or failure of a continuous ... Phase C07 11 /24/2 010 9: 41: 4 Page 10 1 the performance of the customized audit methodology that would require strict adherence to ensure that the conti...

Ngày tải lên: 20/06/2014, 20:20