Harnessing the Power of Continuous Auditing 6 ppt

... explain the formal documentation requirements of the approach. Do not confuse or combine the purpose statement with the detailed objective of the continuous auditing methodology. The continuous auditing ... 26 3 CHAPTER THREE Continuous Auditing Methodology Development CONTINUOUS AUDITING METHODOLOGY In an effort to expedite the documentation of the con...

Ngày tải lên: 20/06/2014, 20:20

... impact on the business unit. This could not be further from the truth. The fact of the matter is, the more direct and focused the continuous auditing objective is, the more useful the results. Also, ... for the first time as part of our discussion of the development of a continuous auditing meth odology. The detail presented in this section defines and expl...

Ngày tải lên: 20/06/2014, 20:20

... the overallrisktothebusinessidentifiedduringtheexecutionphaseofthe continuous auditing methodology. The consistent application of the standard report ratings is one of the biggest challenges auditors face when developing the overall opinion. The goal of ... during the continuous auditing pro- gram. The objective of this document is to communicate the results...

Ngày tải lên: 20/06/2014, 20:20

... validation targeted by the continuous auditing program. The goal of the approach review is to ensure that there is a direct link among the critical components of the continuous auditing methodology: ... differentiate between the condition and the cause. That is why the five-component approach is so critical in the communication of the results of the conti...

Ngày tải lên: 20/06/2014, 20:20

... objective development of the auditing methodology and focus of the audit to be completed. In the continuous auditing methodology, the approach focuses on validation of the performance of the key control ... effectively, the continuous auditing program will provide positive results within 60 days of the implementation of the control fix. Remember to link...

Ngày tải lên: 20/06/2014, 20:20

... 26 3 CHAPTER THREE Continuous Auditing Methodology Development CONTINUOUS AUDITING METHODOLOGY In an effort to expedite the documentation of the continuous auditing meth- odology and reduce the ... phase creates the basis and support for all of the conclusions you will draw as a result of the focused testing performed. The strength of the audit and the r...

Ngày tải lên: 20/06/2014, 20:20

... because of the recurring nature of the testing and the targeted focus on the testing performed. Given the challenging time frames associated with the execution phase of the continuous auditing program, ... critical in the communication of the results of the continuous auditing program. However, there is always the risk that an action plan is developed t...

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... easily: 8 & Defining Continuous Auditing FLAST 11/23/2010 16: 18:37 Page 17 Harnessing the Power of Continuous Auditing C01 11/23/2010 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 12/10/2010 14:5:48...

Ngày tải lên: 20/06/2014, 20:20

... 17 Harnessing the Power of Continuous Auditing Contents Preface xi Acknowledgments xv Chapter 1: Defining Co ntinuous Auditing 1 The Real Definition 1 Differentiating Continuous Auditing 6 Segregating ... assistance during the devel- opment, implementation, and management of the continuous auditing methodology. Chapter 12 discusses the selling of the cont...

Ngày tải lên: 20/06/2014, 20:20

... for the first time as part of our discussion of the development of a continuous auditing meth odology. The detail presented in this section defines and explains the creation of a continuous auditing objective. ... impacts the overall audit. Developing a Testing Objective In the continuous auditing methodology, the creation of the testing objective is crucia...

Ngày tải lên: 20/06/2014, 20:20