In order to ensure that the structure surrounding the operational environment is sound, auditors and controllers need guidance on how to take continuous auditing from concept to reality. Drawing on the author's two decades of auditing experience, this book is a "how to" for building, marketing, and
Preface.
Acknowledgments.
Chapter 1: Defining Continuous Auditing.
The Real Definition.
Differentiating Continuous Auditing.
Segregating Continuous Auditing and Control Testing.
Continuous Auditing Objectives.
Dispelling the Continuous Auditing Myths.
Summary.
Chapter 2: Where to Begin.
Recognize the Need.
Potential Need/Fit Considerations.
Client Relationship Score.
Summary.
Chapter 3: Continuous Auditing Methodology Development.
Continuous Audit Methodology.
Methodology Requirements.
Summary.
Chapter 4: Preparing for a Continuous Audit.
Building the Business Knowledge.
Developing Business Knowledge.
Understanding the Rules.
Identifying Technology.
Summary.
Chapter 5: Continuous Auditing: Foundation Phase.
Target Area.
Testing Objectives.
Frequency.
Testing Technique.
Summary.
Chapter 6: Continuous Auditing: Approach Phase.
Approach Phase.
Scope.
Volumes.
Sampling.
Criteria and Attributes.
Technology.
Summary.
Chapter 7: Continuous Auditing: Execution Phase.
Execution Phase.
Performance.
Exception Identification.
Summarizing Results.
Summary.
Chapter 8: Root Cause Analysis.
Root Cause.
Root Cause Defined.
Team Understanding.
Do I Need to Find Root Cause?
Root Cause “Why” Approach.
Root Cause Keys.
Summary.
Chapter 9: Continuous Auditing Reporting and Next Steps.
Reporting and Next Steps.
Reporting Options.
Advantages and Disadvantages.
Reporting Options Summary.
Five Component Approach.
Next Steps.
Summary.
Chapter 10: Action Plans.
Action Plans.
Addressing Root Cause.
Creating the Perfect Action.
Components of Real Action Plan.
Action Plan Tracking.
Summary.
Chapter 11: Continuous Auditing Conditions.
Conditions.
Business Unit Management Conditions.
Internal Audit Conditions.
Technology Conditions.
Summary.
Chapter 12: Selling Continuous Auditing.
Selling.
Business Unit Management.
Audit Team.
External Clients.
Summary.
Chapter 13: Continuous Auditing Challenges.
Challenges.
Internal Audit Department.
Client.
Summary.
Chapter 14: Continuous Auditing Uses and Users.
Uses and Users.
Uses.
Users.
Summary.
Chapter 15: Continuous Auditing Lessons Learned.
Lessons Learned.
Developing Technique.
Effective Concept.
Lessons Learned Template.
Summary.
Appendix: Continuous Auditing Guidance.
About the Author.
Index.
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