Developing Effective Continuous Audits
Details
- Importance of planning objectives
- Determining the level of effort for each of the four stages of data analytics progression
- Learning how to execute a data discovery walkthrough
- Designing a continuous audit from a manual test based on a sampling approach
- Developing new tests to support control objectives
- Learning how to transition to continuous
Outline
Overview of Data Analytics
- What is data analytics?
- CAATs vs. continuous auditing vs. continuous monitoring
- Why data analytics
- Data analytics uses in internal audit, in business
- Automation
- Implementation process overview
Variables
- Overview
- System-generated vs. user-created
- Leveraging variables for continuous auditing
Case Study | Planning
- Understanding the sample testing procedures
- Conducting a data discovery interview
- Brainstorming new tests
- Documenting clear objectives
Case Study | Preparation
- Data access and validation
- Identifying data integrity issues
- Determining critical fields to meet objectives
- Control totals vs. reconciliation
Case Study | Testing
- Reviewing data for additional tests
- Preforming tests
Case Study | Review
- Compare before analytics vs. after analytics
- Documentation standards
- Creating continuous monitoring vs. auditing
- Future considerations
FOR WHOM
Internal, financial, operational, and risk management and staff with analytics experience
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
| Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
| No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.
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