Continuous Auditing and Monitoring - In-Person
Take your internal audit practices to the next level with the Continuous Auditing and Monitoring – In-Person CPE Training Event. This seminar is designed for audit managers, compliance officers, CFOs, and financial leaders who aim to harness modern technology to elevate audit quality, reduce risk, and streamline operations. Gain deeper insights, actionable strategies, and 4 NASBA-Approved CPE credits as you master the art of continuous auditing and monitoring.
Why Attend?
Master Continuous Auditing Strategies
Transition from traditional periodic reviews to continuous auditing and monitoring, ensuring real-time risk assessments and proactive management.
Leverage Cutting-Edge Technology
Discover how leading audit tools like IDEA, ACL, and others can revolutionize audit processes, improve data analysis, and enhance reporting accuracy.
Proactively Identify and Mitigate Risks
Learn how to detect anomalies, improve internal control monitoring, and prevent fraud in financial systems and operations.
Earn 4 CPE Credits
Boost your credentials while acquiring practical skills to improve the efficiency and cost-effectiveness of your audit functions.
What You’ll Learn
This comprehensive seminar offers a hands-on approach to understanding continuous auditing and monitoring, providing the knowledge you need to build a sustainable framework tailored to your organization.
1. Fundamentals of Continuous Auditing and Monitoring (CAM)
- Definitions and core concepts of Continuous Auditing (CA) and Continuous Monitoring (CM).
- Explore how these strategies shift auditing from static, sample-based reviews to dynamic, real-time assessments.
2. Designing a Continuous Auditing Program
- Learn the step-by-step process for creating a customized program, including defining objectives, identifying risks and controls, and establishing audit tests.
- Understand data use requirements and how to pilot, refine, and report results.
3. Technology Integration in Modern Auditing
- Analyze software tools like IDEA, ACL, and Approva, and determine whether to build or buy auditing solutions.
- Understand how technology enhances IT compliance, fraud detection, and financial controls.
4. Strengthening Internal Controls
- Apply the CAM approach to regulatory compliance, including Sarbanes-Oxley (SOX) requirements and ICFR guidelines.
- Improve management of vendor systems, IT security, and financial data accuracy.
5. Real-World Application and Case Studies
- Learn from real-world examples to enhance your understanding of CAM systems, from financial monitoring to IT security administration and fraud prevention.
- Participate in practical exercises and discussions to solidify your knowledge and apply it to your organization.
Seminar Highlights
- Interactive Learning: Engage in real-time discussions with seasoned professionals and gain feedback tailored to your organization’s challenges.
- Case Studies and Scenarios: Explore client examples and hands-on exercises to master the application of continuous auditing.
- Customizable Tools and Techniques: Walk away with strategies and frameworks you can implement immediately.
Event Details
- Location: On-site training available in select cities.
- Schedule: Mondays, 8:45 a.m. to 12:30 p.m.
- Duration: 4 Hours
- Cost: $420 per participant.
- Private Events: Custom sessions available for groups of two or more attendees, tailored to your organization’s needs.
Who Should Attend?
This seminar is ideal for professionals responsible for safeguarding controls and mitigating risks across organizational functions, including:
- Internal Audit Managers: Optimize audit functions with real-time methodologies and advanced tools.
- Compliance Officers: Enhance compliance monitoring frameworks to meet tightening regulatory standards.
- CFOs and Controllers: Strengthen financial and fraud control processes while increasing efficiency.
- Risk Managers: Develop robust programs to mitigate operational and financial risks effectively.
Why Continuous Auditing Matters
Continuous auditing represents the future of risk management, empowering organizations with actionable, real-time insights that reduce reliance on historical sampling. This approach not only enhances accuracy and compliance but also builds resilience in today’s fast-paced regulatory environment.
By leveraging advanced auditing technologies and frameworks, companies can proactively manage risks, prevent fraud, and improve decision-making processes—all while fostering trust with stakeholders.
The Continuous Auditing and Monitoring – In-Person CPE Training Event is your opportunity to transform your audit function into a dynamic, forward-looking process, ready to meet the challenges of modern business.
Register Today
Don’t miss the chance to revolutionize your audit practices with the Continuous Auditing and Monitoring – In-Person CPE Training Event. Learn to build and maintain robust auditing systems that proactively manage risks and streamline operations. Earn 4 NASBA-Approved CPE credits as you gain clarity, confidence, and expertise in continuous auditing.
Sign up now to future-proof your internal audit function and drive organizational excellence!
Details on Event Presentation
Being offered on Mondays at 8:45 a.m. to 12:30 p.m.
CPE Event Highlights
This CPE event reviews and answers the following questions:
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Continuous Auditing Methodology Defined
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Best Practices in the Internal Audit Function
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Steps to implement a continuous auditing program
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Value of continuous auditing and monitoring
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Application to Sarbanes-Oxley testing
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Review of automated audit tools: IDEA, ACL, Approva, etc.
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Learning Objectives
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Attendees will understand the continuous auditing concepts
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Attendees will see how to improve inter-period controls monitoring
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Attendees will learn how to use a continuous auditing approach
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Attendees will improve cost-effectiveness of their internal audit function
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Key Issues on the Agenda
Introductions
Section 1 - Introduction and Definitions-
Do you use personal continuous auditing & monitoring?
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What is Continuous Monitoring (CM)?
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What is Continuous Auditing (CA)?
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What is assurance?
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What is continuous assurance?
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"The Inverse Relationship"
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COSO 2013 - Seventeen Integrated Principles
Section 2 - Client Examples of CAM Systems-
Monitoring a financial database
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Monitoring a fleet
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Banking regulatory reporting
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Retail dashboards
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IT security administration
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Disbursement fraud
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Call Center operations
Section 3 - Software Market Leaders-
Traditional approach to auditing
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Benefits of a CAM program
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Auditor tools
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Substantive testing
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Internal Control testing
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Challenges and other considerations
Section 4 - Evaluating the "Build" or "Buy" Decision-
If we build it we own it
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General Audit software
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Buy criteria
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Substantive testing
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Internal Control testing
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Challenges and other considerations
Section 5 - Designing the Continuous Auditing Program-
Culture and politics
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Are you ready for continuous auditing? - Challenges of implementation
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Define the objectives
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Project management techniques
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Identity risks, controls and audit tests
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Establish data use requirements
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Pilot the system
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Refine the system
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Report and "manage" results
Section 6 - Implementing Continuous Auditing for Sarbanes-Oxley Act Compliance-
Sarbanes-Oxley Act
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SEC focus on "ICFR"
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SOX Guidance
Section 7 - Implementing Continuous Auditing for Information Technology-
Access security
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Development, change, and implementation
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Operations, backup, restoration and recovery
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IT vendor management
Section 8 - Implementing Continuous Auditing for Financial Control and Fraud-
Occupational Fraud
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Areas of Fraud
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Excluded parties listings
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Financial transactions and fraud
Section 9 - Case Study Example-
IDEA and Monitor
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Usage Examples
Section 10 - Summary and Wrap-up-
NASBA Program Disclosure
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: On-site Training (Group-Live); Seminar (Group-Live)
NASBA Field(s) of Study: Auditing CPE Credits: 4, based on 50 minutes of instruction per hour
Summary of the Subject Matter
This in-person CPE event "Continuous Auditing and Monitoring" delves into the pivotal role of technology in transforming traditional internal audit practices.
This in-person comprehensive seminar offers a deep dive into the evolution of audit methodologies, emphasizing the integration of automated tools and monitoring systems to enhance audit efficiency, accuracy, and risk mitigation. By exploring the dynamic landscape of continuous auditing, the event seeks to equip professionals with the knowledge and skills required to leverage technology for real-time data analysis, anomaly detection, and proactive risk management.
Furthermore, the seminar sheds light on best practices for implementing and maintaining a robust continuous auditing framework, enabling attendees to harness the power of technology to elevate audit quality, streamline processes, and adapt to the evolving regulatory landscape.