Author: Audits

2020 Anti-Fraud Technology Showcase Virtual Conference

For those looking to stay at the cutting edge of new technologies in the audit industry, checkout the 2020 Anti-Fraud Technology Showcase Virtual Conference at this link. The virtual conference is being held on Monday, May 18, 2020 from 8:30 AM to 5:00 PM (PDT) in San Francisco, CA. The price is $299 along with … Continue reading 2020 Anti-Fraud Technology Showcase Virtual Conference

CPE Via Annual Webcast Pass

There are several companies that provide CPE both in-person and online. Surprisingly, one of the best values on the market is not well known to those in the audit industry, i.e., the Annual Webcast Pass. The AICPA has been offering its Annual Webcast Pass for several years. The Annual Webcast Pass offers more than 500 … Continue reading CPE Via Annual Webcast Pass

Sample Selections

When making sample selections from a population in Excel, auditors may be inclined to use the "=RAND()" formula without understanding the broader implications of this approach. For instance, what if you are testing approvals on purchase orders. Under this example, you want to validate that the approver(s) have an appropriate authorization. The "=RAND()" approach will … Continue reading Sample Selections

Approvals

One of the most difficult and elusive types of support for control owners to provide to auditors is evidence of approval. The more informal the archiving process, the more challenging and time consuming it can be for control owners to locate and provide such support. Often times, control owners find themselves having to search for … Continue reading Approvals

Corporate Governance

What better topic to start this blog than corporate governance. Corporate governance is defined by the Organisation for Economic Cooperation and Development (OECD) as, "... a set of relationships between a company's management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, … Continue reading Corporate Governance