In search of greater knowledge: a global study of the profession David Salierno FROM ITS ROOTS as a mere “checking” function, the internal audit profession has grown significantly in both sophistication and scope. Gone are the days of tick and tie, solitary auditing that defined professional activity years ago, replaced largely by risk-based assessment, assurance, […]
The problem with P-cards Ronald M. Mano I read with significant interest “Fraud Resistant P-cards,” by Donald Holde-graver (April 2005). My interest was piqued because I am an alumnus and former faculty member of Holdegraver’s employer, the University of Nebraska-Lincoln. I am also significantly concerned about the use of purchasing cards (P-cards) particularly here at […]
Rising risk of jail time? – Letter to the Editor Dana R. Hermanson “Getting What They Deserve?” (October 2003), by Russell Jackson, clearly describes the tough new landscape in accounting fraud enforcement. To put current enforcement strategies into perspective, The Committee of Sponsoring Organizations of the Treadway Commission’s 1999 Fraudulent Financial Reporting: 1987-1997, An Analysis […]
To catch a liar: professional interrogators share their insights into gathering the truth from those who know what it is but don’t want to share Lynn Koller Confession may be good for the soul, but try selling that to a liar facing hefty financial penalties or even jail time for such a cleansing. In many […]
Auditing Manufacturing Costs Teresa Kilpatrick Electronic data analysis helps internal auditors to meet the rigorous demands of manufacturing audits. HE COMPLEXITY OF CURrent manufacturing processes extends far beyond the scope of traditional cost and financial accounting. Enterprise resource planning (ERP) and other subsidiary production systems used by manufacturers require audit programs with powerful data extraction […]
Outsourcing: a vulnerability checklist – internal audit outsourcing Michael Lapelosa Worried about being outsourced? Take our quiz to see just how concerned you should be. Almost everyone agrees that internal audit outsourcing is a trend that won’t be disappearing anytime soon. As the traditional revenue streams of external audit firms are continually squeezed, internal audit […]
Web Advertising Exposures Gary Adna Ames Like many other aspects of e-commerce, Internet advertising is a virtual no-man’s land, with few established models and practices. To understand the risks and exposures involved, internal auditors must draw on resources that will help them understand the medium and create effective measurement and assurance strategies. Web site advertising […]
Case studies in performance auditing Muhammad Akram Khan A CASE STUDY in performance auditing * describes various decisions made by auditors as they plan, execute, report, and follow up stages of an audit. Presentation styles of the case study vary according to their purpose and audience. The most common application of a case study is […]
Training new Auditors: the demands of modern auditing have raised the performance bar for new practitioners. A comprehensive, multi-tiered training framework can help bring both rotational and professional auditors up to speed Dennis Applegate WELL-PUBLICIZED CONTROL FAILURES, PERHAPS BEST EXEMPLIFIED BY WorldCom and Enron, have driven many U.S. public companies to take unprecedented steps to […]
Risk-based audit solution: empower your internal audit team with the only fully integrated, web-enabled risk-based auditing solution available today Key features: [ILLUSTRATION OMITTED] * Flexible risk management system, tailored to your environment * Self-assessment questionnaires * Develop audit plans to maximize assurance on key risks * Comprehensive audit management system, including graphical staff scheduling and […]