20160210 webinarslides
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This document summarizes the key findings from several surveys on the use of analytics in auditing. It finds that while analytics are seen as important, many audit departments are not fully utilizing them. Only 33-50% of auditors use data analysis or do so in an ad-hoc basis. Lack of training is a major barrier, as only 55% have training and 45% have no training budget. While most see analytics as important, only 42% have a strategy to develop these skills. The document outlines these findings to argue that analytics must become a higher priority and best practices need to be shared to help audit groups overcome the barriers to fully implementing analytical capabilities.
20160210 webinarslides
- 1. Turning Analytics From “Nice to Have” to “Must Have” February 10, 2016 AuditNet and AuditSoftwareVideos.com Collaboration Brought to you by AuditNet® and AuditSoftwareVideos.com working together to provide: Practical audit software training Resource links Survey benchmarking Independent analysis Tools to improve audit software usage Page 1
- 2. About Jim Kaplan, CIA, CFE President and Founder of AuditNet®, the global resource for auditors (now available on iOS, Android and Windows devices) Auditor, Web Site Guru, Internet for Auditors Pioneer Recipient of the IIA’s 2007 Bradford Cadmus Memorial Award. Author of “The Auditor’s Guide to Internet Resources” 2nd Edition Page 2 Housekeeping and Disclaimers This webinar and its material are the property of Cash Recovery Partners LLC. Unauthorized usage or recording of this webinar or any of its material is strictly forbidden. We are recording the webinar. Downloading or otherwise duplicating the webinar recording is expressly prohibited. The views expressed by the presenters do not necessarily represent the views, positions, or opinions of AuditNet® or the presenters’ respective organizations. These materials, and the oral presentation accompanying them, are for educational purposes only and do not constitute accounting or legal advice or create an accountant-client relationship. Webinar recording link will be sent to the Email registered in GoToWebinar. Submit questions via the chat box on your screen. NASBA rules require us to ask polling questions during the Webinar and CPE certificates will be sent via email to those who answer ALL the polling questions CPE certificates and recording will be sent to the email address you registered with in GTW. We are not responsible for delivery problems due to spam filters, attachment restrictions or other controls in place for your email client. Post Webinar Feedback. Please complete the feedback questionnaire to help us continuously improve our Webinars Page 3
- 3. Additional Disclaimers While AuditNet® makes every effort to ensure information is accurate and complete, AuditNet® makes no representations, guarantees, or warranties as to the accuracy or completeness of the information provided via this presentation. AuditNet® specifically disclaims all liability for any claims or damages that may result from the information contained in this presentation, including any websites maintained by third parties and linked to the AuditNet® website Any mention of commercial products is for information only; it does not imply recommendation or endorsement by AuditNet® Page 4 Richard B. Lanza, CPA, CFE, CGMA • Over two decades of analytic and cost recovery experience (focused on ACL and Excel with associated add-ins) • Has written and spoken on the use of audit data analytics for over 20 years. • Received the Outstanding Achievement in Business Award by the Association of Certified Fraud Examiners for developing the publication Proactively Detecting Fraud Using Computer Audit Reports as a research project for the IIA • Discovered a letter analytic approach for text analysis (LALA) • Recently was a contributing author of: • Global Technology Audit Guide (GTAG #13) Fraud in an Automated World – Institute of Internal Auditors. • Data Analytics – A Practical Approach - research whitepaper for the Information System Accountability Control Association. • Cost Recovery – Turning Your Accounts Payable Department into a Profit Center – Wiley and Sons. Please see full bio at www.richlanza.com
- 4. Learning Objectives Review results from a variety of online and in-person surveys focused on analytics over the past decade Extract for presentation analytic best practices being deployed by top performing organizations Explain the need for an effective culture around the analytics program to bolster the technology implementation Discuss the varying types of technology alternatives, outlining their relative strengths and place at the analytics table 6 The Surveys The State of Auditing & Analytics
- 5. Survey Update Page 8 Preliminary Summary of Responses (over 200 as of February 5) Audit technology gap? 72% yes Identify audit technology training needs when developing the audit plan? 50% no or don’t know Audit technology training aligned with audit projects included in annual audit plan? Over 50% no or don’t know Models of training used? Split evenly over 4 categories When taking audit technology training when is it applied? 20% immediately, over 60% when there is an opportunity Learning is reinforced in what way? 57% material review, 38% shared with staff in-house training What feedback is provided on the training? 38% none Agree/Disagree on Training Issues AuditNet® Survey - 2012 State of Technology Use by Auditors • Profile of Over 1,500 Responses • 45% 5 or less auditors • Technology tools used – mostly data analytics and EWP • Technology tools least used – monitoring (continuous audit and fraud), GRC, risk compliance • Only 17% feel that their auditors are technology proficient • Technology training primarily OJT • 35% maintain an inventory of audit technology tools • More than half (54%) rated their department at the informal use level (ad hoc or none at all) for audit technology • Less than 4% rated their department at the highest maturity level Page 9
- 6. AuditNet® Survey - 2015 State of Technology Use by Auditors • Profile of Over 370 Responses • 33% do not use data analysis / 20% more use it ad-hoc • 67% do not use continuous controls monitoring • 50% are moderately satisfied or less with their data analytic implementation • 55% have on the job training for technology • Nearly 50% have no technology training budget • 85% feel it is moderate to highly important to invest in technology in order to improve its use • 80% feel it is moderate to highly important that the CAE embrace technology to increase usage • Only 42% have a strategy for developing data analysis or CCM software Page 10 AuditNet® Survey - 2012 Data Analysis Audit Software • Profile of Over 550 Responses: • 70% 10 or less auditors • 30% had not purchased data analysis software • Cost was the top reason for not buying the software followed by training • 57% felt that training was the key reason analytics is not required on audits • 59% of auditors do not require analytic steps in audits • 64% felt that analytic audit programs would increase usage • 91% said they do no “fear the software” Page 11
- 7. AuditNet® Survey - 2015 Data Analysis Software Survey • Profile of Over 650 Responses • 44% 5 or less auditors • 40% have not purchased a data analytic software • Nearly 45% have no data analysis skills or use them in an ad hoc basis • 45% have no staff trained in analytic software with 26% noting they have no funding for training and 25% not having the time to train on the software • 23% are advanced / power users • Less than 45% have ever scripted their work • 73% use Excel as an analytic tool • 78% do not link performance objectives to using analytics Page 12 Key Word / Textual Analytics AuditNet® Survey Results Page 13 Queries of Unstructured Data for Fraud Compliance with Data Analytic Tools? Yes: 25% No: 75% Data Analytics used to perform Key Word Search for FCPA, Fraud, or Keyword Compliance? Yes: 33% No: 67% December 2014 Viewing and Key Word Data Files Available at: http://www.auditnet.org/audit-data-analytics--4
- 8. 2015 Internal Audit Capabilities and Needs Survey - Protiviti • Over 800 responses • Top focus is cybersecurity with leading firms having top support from the board and senior management • To avoid analytics being a never-ending journey, audit teams need to address the question head-on • GTAG-16 – Data Analysis Technologies is see as the top needed guidance…and it was written in 2011 • In the last 3 years, it is the 1st appearance on the CAE’s list of focus areas • Of the top 13 areas to improve, 11 of them are focused on I.T., analytics, continuous assurance and other I.T topics • Using analytics is a top priority as is mobile apps and the cloud • Of the audit process knowledge areas, IT security and CAATS are the top areas (tied for 1st) • Audit efficiencies from CAATS opens time for more collaboration with the business Page 14 http://www.protiviti.com/IAsurvey 2015 Internal Audit Capabilities and Needs Survey - Protiviti Page 15 http://www.protiviti.com/IAsurvey
- 9. EY Global Forensic Data Analytics Survey 2014 450 executives surveyed 72% of respondents believe that emerging big data technologies can play a key role in fraud Only 7% of respondents are aware of any specific big data / Only 2% are using them 12% utilize visualization / 26% apply key word searches 62% of respondents indicate that they need to improve management’s awareness of the benefits of analytics 65% report the use of spreadsheet tools such as Microsoft Excel for analytics with most reporting having databases less than 1MM records Page 16 IIA’s Staying a Step Ahead Internal Audit’s Use of Technology 14,518 internal auditors surveyed 1 out of 10 entering the profession had education in information systems or computer science Data mining increased by 14% among survey respondents from 2006 to 2015 • 80% of CEOs say data mining and analysis is strategic Computer assisted audit techniques dropped 4% in the same timeframe?!?!? Fewer than 4 out of 10 chief audit executives (CAEs) worldwide feel their departments' use of technology is appropriate or better 30% do not use data analysis and 22% more use it minimally Page 17 http://bit.ly/1odDnbY
- 10. Polling Question #1 Page 18 The Surveys Why Are We Not Using Analytics?
- 11. What Did the I.I. Analytics Find? Page 20 21 News Flash: Projects Fail Nothing New – KPMG Study 56% of firms have had to write off at least one IT project in the last year as a failure. The average loss incurred – approximately $13 Million The single biggest write-off - almost $210m Among the reasons cited for failure: inadequate planning poor scope management poor communication between the IT function and the business “IT project failure is rampant – KPMG” The Register Published 26th November 2002 http://www.theregister.co.uk/2002/11/26/it_project_failure_is_rampant/
- 12. Why Do You Not Include Steps for Data Analytics 2015 AuditNet® Audit Data Analysis Software Survey Page 22 Why Are They Not Buying Data Analytics - 2012 Page 23 2012 AuditNet® Audit Data Analysis Software Survey
- 13. Why Have You Not Purchased Data Analytics - 2015 Page 24 2015 AuditNet® Audit Data Analysis Software Survey Reasons For Not Using Data Analytic Software 2015 AuditNet® Audit Data Analysis Software Survey Page 25
- 14. Best Practices People, Process and Technology People and Culture “Competing on Analytics” Thomas H. Davenport - Cofounder Harvard Business Review – 2005 - Named by HBR as “One of the twelve most important management ideas of the past decade” Champion analytics from the top Put data collection and analysis under one leader Focus analytics on your competitive strengths Establish an analytics culture Hire the right people Use the right technology for the job Page 27
- 15. Ensure Tone at the Top for Analytics The person with the purse strings needs to see the value of In almost all best practice companies, the CAE was a past analytic auditor In others the audit committee was burnt in the past ad asks for it now Build the Business Case “You can have brilliant ideas, but if you can't get them across, your ideas won't get you anywhere “- Lee Iacocca Attach analytics to a regulation or a standard Find and track cost savings to prove and report analytic value Audit more with less / Reduce audit fees / Have an easier day Show audit sustainability with coded procedures Back Door the Business Case – Project: Embarrass the Boss Send the boss to a roundtable of audit VPs who do analytics well Find something so large with analytics that it gets the audit committee to wake up My best audit finding: http://bit.ly/1S7mFY1 Page 28 People The Carrot and the Stick Collaborate with the external auditors (They create budget) Identify top areas of manual effort or deficiency Explain how risk will be lowered Focus on revenue testing - http://on.wsj.com/1IuYeQx Collaborate with I.T. (They have budget) Build testing modulus to automate security and data privacy concerns Make their life easier / Reduce risk in their areas of domain Play to their ego / They can use best practice automated control Collaborate with BPOs (They have more budget) Make their life easier / Reduce manual testing & questions Reduce risk in their areas of domain Focus less on risk testing and more on business value opportunities Page 29 People Collaborate With the “Purse Strings”
- 16. Analytic Benefit in Sum: Doing More With Less Page 30 2015 AuditNet® Audit Data Analysis Software Survey Benefits Per the I.I.Analytics Improper Payment Analytic Benefits Page 31
- 17. Polling Question #2 Page 32 Surveillance is the quickest and lowers fraud impacts 2014 Report to the Nation – Association of Certified Fraud Examiners 33 2/3 less value Half the time
- 18. Managing Fraud in the Digital Era – Deloitte Survey 3,600 responses Page 34 http://bit.ly/20fcVKA Audit Standards Are Moving Towards More Analytics Page 35 http://bit.ly/1PXdNhi RADAR Initiative Rutgers and AICPA Unveil Data Analytics Research Initiative (Dec 16, 2015) http://bit.ly/1T3Tcyy
- 19. Audit Standards Are Moving Towards More Analytics Page 36 http://bit.ly/1VSoAxGhttp://bit.ly/1K1FfhQ http://bit.ly/20LwA7a Hire people with the experience and plan time for commitment Analytics needs a weekly, if not daily usage to retain knowledge Make it part of “annual objectives” Every time you see the staff member – ask them – “Where’s the Analytics?” 78% do not link performance objectives to the use of data analytics per the 2015 AuditNet® Data Analytics Survey Ironically, 64% view analytical/critical thinking skills to be the top skill for internal auditors (CBOB 2015 Practitioner Survey) Train like MetLife to make the “Auditor of 2020” MetLife trains auditors to become “The Auditor of 2020” Where We’re Going - Internal Auditor – Feb 2016 • Auditors need to strengthen their foundational (analytic) skills, know how to increase their use of data and analytics, and know when to leverage outside experts • The auditor of 2020 is not just about data and analytics. It is advancing internal auditors skills’ and experiences Page 37 Turning Programmers into Auditors or Auditors into Programmers That is the Question
- 20. AuditNet® Who’s Training Your Auditor Survey 2015 Page 38 KPMG 2015 View From the Top Applying Technology Seen As Key Skill Page 39 http://bit.ly/1nT5o8T
- 21. The Effect of a Champion Page 40 Enhancing Audit Technology Effectiveness: Teammate’s 2015 Global Technology Survey http://bit.ly/1QiN5jG The Effect of a Champion Page 41 Enhancing Audit Technology Effectiveness: Teammate’s 2015 Global Technology Survey http://bit.ly/1QiN5jG
- 22. Train everyone (Opportunists and Champions) Different training for each group Both are experts in their own right • Q builds the tools and understands how to optimize them • Bond knows how to point & shoot it Communicate frequently • Have a Data Analytics Bi-Weekly Meeting Train staff with competency based training Just in time training of key skills seen as most desirable Hire a coach Get the experience you need when you need it – private lesson style Provide a safe place to talk about what worked….and what didn’t Page 42 People Training Approaches AuditNet® Who’s Training Your Auditor Survey 2015 Over 300 Responses: Nearly 80% were not educated in college on audit technology 40% consider themselves in the late majority or worse in technology adoption Only 20% had “equal to all” technology training 44% receive no technology training Of those trained, nearly 70% is in data analytics What is your department’s leveraging strategy Page 43
- 23. What Training Are You Most Likely To Purchase Page 44 2015 AuditNet® Audit Data Analysis Software Survey Effective Analytic Training Strategies Don’t Have a Lone Ranger: Train the Team Build on a Common Learning Ground – ExcelTM Be Consistent With Monthly Learning & Discussion Provides a low-cost opportunity to train on analytics throughout 2016 with 22 CPE credits Get access to webinar data files, audit programs, and Excel macros prior to the event http://bit.ly/1SkA6Ep Page 45
- 24. Have a backup There can not be only one! Code their knowledge Less than 45% have ever scripted their work Document, save, and videotape your work Audit logs in software, flowcharts, and documents take minutes to develop to the hours to later remember what was done Video editing (Camtasia) can be used to show how to run applications for future auditors Video tape how to use reports in two-minute segments Page 46 People - Get Past the “Lone Ranger” Revolving Door Polling Question #3 Page 47
- 25. Best Practices People, Process and Technology Audit Process Integration Have a 1, 3 and 5 year plan Set a realistic plan and stick to it vs. pushing it off You can’t be “too busy” or “time bankrupt” to change Make analytics a priority on every audit Move up the curve: data collection to automated analytics (the 80/20 to 20/80) Use analytics to predict the top areas of risk / locations to review 48% of CAEs use analytics for scoping decisions and only 43% leverage data to inform their risk assessment ( 2015 PwC State of the Internal Audit Profession). Use previous year trends to risk score current year business processes Have a better conversation with a process owner, now armed with data, to improve your “critical thinking” skills Quantify your findings (2016 approach) vs. using hand-picked samples (1970 / 1980 approach to auditing) Page 49 Process Plan to Predict
- 26. Does Data Analysis Improve Your Audit Plans 2015 AuditNet® Audit Data Analysis Software Survey Page 50 PredPol – Even the Police Use It http://www.predpol.com/ Santa Cruz experienced: 27% decrease in burglary 11% decrease in robbery 56% increase in arrests 51 Predictive Modeling To Improve Police Detection http://bit.ly/1VyQPQY “PredPol does not replace the experience and intuition of our great officers, but is rather an invaluable added tool that allows our police force to use their patrol time more efficiently and helps stop crime before it happens.” Chief Mark Yokoyama
- 27. PredPol Simple Big Data Approach Working Smarter Using Algorithms Tested By Earthquake Software 52 Type Time Place Crime strikes in the same dimensions People are needed to validate activity Focuses on a box of predicted crime Uses three prediction variables 53 Cost Recovery Analysis Trial Balance Analysis Expenses for Analysis Primarily SG&A Cost of goods sold (i.e., freight) Data Files General Ledger (trial balance) A/P Invoice Detail Distribution Purchase Orders Pricing List
- 28. 54 A/P and G/L Review Factors Accounts that are sole sourced Accounts that have too many vendors Categories that map to the “recovery list” Assess to industry cost category benchmarks Top 100 vendors Trend analysis over time Trend analysis by vendor (scatter graph) Cost Recovery Analysis Trial Balance Analysis Process - Take My Manual Audit Make data analytics a priority on every audit Data exists for every process “Toto, we are not in the 90s anymore” Brainstorm the use data analytics in the audit planning process Replace manual tests with automated ones You need to replace to provide the time for analytics Focus on I T testing – user and segregation of duties testing Focus on reconciliations with dashboards and notifications (6 Tips for Reconciliations – Journal of Accountancy – Feb 2016) Reduce false positives (and negatives) in the final reports Prioritize the likelihood of findings / Use mathematical scoring Utilize data visualization to audit with pictures Involve the business units to improve / “adopt the analytics” Page 55
- 29. 56 Automated Person Power There are 159 million, million, million possible Enigma settings. All we had to do was try each one. But if we had 10 men checking one setting a minute for 24 hours every day and seven days every week, how many days do you think it would take to check each of the settings? Well, it’s not days; it’s years. It’s 20 million years. To stop an incoming attack, we would have to check 20 million years’ worth of settings in 20 minutes - The Imitation Game movie BBC Reith Lecture Series Why Doctors Fail http://www.bbc.co.uk/programmes/b04sv1s5 Page 57 •Use a checklist so you don’t miss a step 2M infections in the US alone due to not following a checklist
- 30. Would You Use Data Analytics More If You Knew the Audit Steps? Page 58 2015 AuditNet® Audit Data Analysis Software Survey The Standard Setters Are Chiming In on Audit Steps Page 59
- 31. Best Place to Get Audit Steps With 2,500 Audit Templates Page 60 http://www.auditnet.org/subscription_plans Would You Use Data Analytics More If There Was a Script Library 2015 AuditNet® Audit Data Analysis Software Survey Page 61
- 32. Scripting the Tests The Road to Continuous Prototype the test - http://bit.ly/20LP3jX Build something in Excel (or other simple tools) – Make sure it works Then build something more repetitive using script coding tools Understand the first year will be rough 30 unit samples will be replaced by 100% testing This is the year of investment “clean up” 2nd and 3rd year tests should be a blank report Move to a continuous audit and monitoring model Focus on key risks to start with “friendly departments” Have a results manager organize the remediation and follow up Page 62 Polling Question #4 Page 63
- 33. Best Practices People, Process and Technology Technology Tools (& S.A.A.S) Technology Tools and Software as a Service Use low-cost solutions to start / Train the “Team of Rangers” Excel is a great starter tool / Provides a common language Realize you will need a small set of tools to manage your data normalization and scripting (which is beyond Excel) Consider a results-focused approach to start Consider focused consulting or cost recovery firms to learn from their past Identify a provider willing to provide the “toolkit” vs. just the “reports” Moved to advanced analytics and collaboration over time Communicate with images and specific drill down capability Consider integration with results management tools Page 65
- 34. What Is Your Main Analytic Tool? All Inexpensive / Simple Products Page 66 2015 AuditNet® Audit Data Analysis Software Survey Capitalize on Other People’s Experience & Technology No upfront cost Cost recovery firms have an interest in every $ they find Then, learn from their technology http://www.auditsoftwarevideos.com/our-services/save-costs Minimize upfront cost and risk of failure Report service option provides a proof of concept within hours http://www.auditsoftwarevideos.com/our-services/report-services Page 67
- 35. The Old Way Was To Invest in Software & Training Before Results Page 68 http://bit.ly/1PdGCc1 Business Process Diagnostic Reporting: Data analytic service applied to core business cycles focusing on results: improving operations, identifying cash savings and detecting anomalies such as errors, fraud and inefficiencies. Advanced Analytic Tools Gartner 2015 Magic Quadrant Vendors Page 69 http://gtnr.it/1Pbl8MX SAS IBM KNMINE Rapid Miner Alteryx “Gartner defines advanced analytics as the analysis of all kinds of data using sophisticated quantitative methods (for example, statistics, descriptive and predictive data mining, simulation and optimization) to produce insights that traditional approaches to business intelligence (BI) — such as query and reporting — are unlikely to discover”
- 36. Best Practices People, Process and Technology Technology (Data Considerations) Technology Data Considerations Automate the data import and normalization process Move to a tool that can manage disparate data in one software Automate the data extraction, file cleansing, and data validation Consider all types of data – not just ERP data Manage the execution and store in a server Utilize server technology for secure storage and scalability Centralized data and backups Audit knowledge is saved in one place Manage user security consistently and in a controlled manner Page 71
- 37. Overcoming Data Challenges Normalizing data is 80% of the time (in the beginning) “By most accounts, 80 percent of the development effort in a big data project goes into data integration and only 20 percent goes toward data analysis.” — Intel Corporation Once its built, it normally takes very little to maintain normalization Data is in every process. Thus, we should scan/mine it It may not be ERP / It may be in your “Big Data” 90% of data is text Internal Audit is the best partner to get the data They are independent / Not proving the data is a scope limitation Some best practice audit depts. have data warehouses larger than I.T. Page 72 Automated Data Normalization Store procedures for data cleanup once Create a normalized set of data fields named by YOU Ensure data quality tests are run prior to analysis Automate these routine tasks to increase analyst’s time Page 73
- 38. Data Types 74 Structured Data Accounting records Sub ledger details Monthly performance measures Unstructured Data Documents (Excel, PDF, Word) Emails Network Logs External Data Geomap Service OFAC, SAM.Gov Watch Lists IRS Tax ID Match Polling Question #5 Page 75
- 39. What Accounting System Do You Use Page 76 2015 AuditNet® Audit Data Analysis Software Survey BIG DATA Already Available Large Majority Is Text Page 77 2007 Buyers Guide to Audit, Anti-Fraud and Assurance Software
- 40. Sample Data Validation Accounts Payable Other Questions Make a checklist (to make sure you follow it): Statistical analysis should also be completed as part of the validation analysis Agreement to batch totals, sample data and hardcopies is critical Page 78 Stratify the Values / Volumes Benford’s Law of the Digit Patters Textual Analytics • Letter Analytics • Word Summary • Key Words / Sentiment Analysis Rule Calculator Tools Regression Analysis Predictive Miners Automate Full Data Scan / Mining Page 79
- 41. 1) Lanza Approach to Letter Analytics “LALA”: http://bit.ly/1kZlb4h 2) Practical Applications of LALA: http://bit.ly/1PF3GBY A Benford’s Law For Letters and Words? Page 80 Protiviti Reports on Internal Auditing 2006 to 2012 vs. 2013 to 2015 - LALA Page 81
- 42. Protiviti Reports on Internal Auditing 2006 to 2012 vs. 2013 to 2015 – Key Words Page 82 Polling Question #6 Page 83
- 43. Audit Technology Training AuditNet® Survey on the Effectiveness of Audit Technology Training Page 84 Please take the survey now! http://bit.ly/1Prn0is Join us for our next free Webinar on Moving Periodic Analytics to Continuous Tests (June 8, 2016) http://bit.ly/1L5L491 Business Process Diagnostics Report Service http://www.auditsoftwarevideos.com/our-services/report-services Minimize Upfront Cost & Limit Project Risk No software or training costs to start Fixed price set for data loading and report run Data requests already built for SAP, Oracle, & JDE …and many other systems (we help on the extract regardless) Obtain Fast Results Reports are run within hours of data delivery Focus on process savings and improvements Gain From Our Two Decade Experience Benchmark to our “report toolkits” – now with “LALA” Visualize the results in pre-built dashboards Benefit from our knowledge in selecting final samples Page 85
- 44. Course Calendar and Approach See www.auditnet.org Offering 11 Unique Training Courses / 22 CPE Get More For Your Training Dollar $14 per CPE on an individual subscription Much lower rates for groups – BEST WAY TO TRAIN Video playback of past / missed courses Don’t forget the data files and templates to get you started Page 86 Learn More: Go to AuditNet® or http://bit.ly/1SkA6Ep In the Queue – 2016 First Semester of Courses February 24 - Best Practices in Visualizing and Dashboarding Data March 23 - Enhance Audit and Fraud Sampling Productivity April 20 - Top 10 Analytic Tests to Find PCard / Travel Cost Frauds and Misuse May 11 - Continuous Analytic Risk Management June 8 - Moving Periodic Analytics to Continuous Tests * June 29 - Top 10 Analytic Tests to Find Procure to Pay Frauds and Errors July 13 - Maximize Everything With Excel Pivot Tables August 17 - Utilize Big Data Analytics Now Page 87 Learn More: Go to AuditNet® or http://bit.ly/1SkA6Ep
- 45. AuditSoftwareVideos.com 70+ Hours of videos accessible for FREE subscriptions Repeat video and text instruction as much as you need Sample files, scripts, and macros in ACL™, Excel™, etc. available for purchase Bite-size video format (3 to 15 minutes) >> Professionally produced videos by instructors with over 20 years experience in ACL™, Excel™ , and more Page 88 AuditNet® LLC • AuditNet®, the global resource for auditors, is available on the Web, iPad, iPhone, Windows and Android devices and features: • Over 2,500 Reusable Templates, Audit Programs, Checklists • Training Webinars focusing on fraud, audit software, IT audit, and internal audit • Audit guides, manuals, books on using audit technology • LinkedIn Networking Groups • Monthly Newsletters with Expert Guest Columnists • Surveys on timely topics and best practices for internal auditors • NOT A SUBSCRIBER? Send an email to info@auditnet.org with the subject “Must Have” and we will give you $25 off a Premium Individual Subscription (offer to new subscribers only) Page 89
- 46. Questions? Any Questions? Don’t be Shy! Page 90 Thank You! Jim Kaplan AuditNet® LLC 1-800-385-1625 Email:info@auditnet.org www.auditnet.org Richard B. Lanza, CPA, CFE, CGMA Cash Recovery Partners, LLC Phone: 973-729-3944 Email: rich@richlanza.com www.AuditSoftwarePros.com Page 91