” “Visualization: This project will address the understanding of the basic axioms of visualization in the audit process as well as its integration with audit analytic methods
1 Comment - These are great initiatives leveraging on the application of Big Data Analytics in the area of Audit; will also help in complementing good corporate Governance Practices too
Compliance professional should add website accessibility to the “audit universe” so that compliance audits are considered for upcoming audit plans
1 Comment - Always be vigilant and a willingness to help and make accommodations will go a long ways in conjunction with this kind of audit or self-assessment
I attended the Rutgers Business School's 35th World Continuous Auditing and Reporting Symposium on November 6 th & 7 th 2015 on the Rutgers campus in Newark, NJ
We are familiar with the advanced reports and standard “deck” companies present to the Board and the Audit Committee. An excellent practice of most audit committees is to meet privately with the chief audit executive (CAE), with the external auditors and with both of these parties together but with no other management present
2 Comments - There is a lot of cross-pollination that has benefits for both internal audit and accounting functions
The difference between cloud/hosted software and on premise/licensed is you do not have the software on site and therefore you bear a greater risk of disruption. Audit – many escrow companies offer audit and verification services which can include a simulated escrow release as a test scenario to ensure that the current version of the software is quickly available for recovery
that is can stand up to independent review/audit). Done effectively, monitoring controls can qualify as “key” controls for SOX , replace lower level controls and thereby reduce the amount of time spent for SOX compliance. This does not mean that the lower level controls can be discontinued, only that a monitoring control can effectively ensure multiple controls are executed and reviewed and these monitoring controls (many fewer) are the ones in scope for the SOX compliance audit. Technology can help by creating a “monitoring shell” around the execution of controls; formalizing and scheduling control activities to get “credit” for them as documented, repeatable and effective
The same is now being applied to food services – but what about medical services or other professional services liking accounting, management consulting, public relations, auditing, public service not is use?
For better or worse, the finance/audit/compliance fields attract mainly professionals that are conservative by nature
1 Comment - no search term matches found in comments.
Major search engines like GOOGLE are using structured data (XBRL is a version of structured data created by the accounting and auditing for business and financial data reported on the Internet) to better locate and process information: “Structured data use is increasing and is in approximately one-third of the commonly crawled web now and clicks increased by 43 percent using the structured data format
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