Harnessing the Power of Continuous Auditing: Developing and Implementing a Practical Methodology
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.
Chapter 2: Where to Begin.
Recognize the Need.
Potential Need/Fit Considerations.
Client Relationship Score.
Chapter 3: Continuous Auditing Methodology Development.
Continuous Audit Methodology.
Chapter 4: Preparing for a Continuous Audit.
Building the Business Knowledge.
Developing Business Knowledge.
Understanding the Rules.
Chapter 5: Continuous Auditing: Foundation Phase.
Chapter 6: Continuous Auditing: Approach Phase.
Criteria and Attributes.
Chapter 7: Continuous Auditing: Execution Phase.
Chapter 8: Root Cause Analysis.
Root Cause Defined.
Do I Need to Find Root Cause?
Root Cause “Why” Approach.
Root Cause Keys.
Chapter 9: Continuous Auditing Reporting and Next Steps.
Reporting and Next Steps.
Advantages and Disadvantages of Report Type.
Reporting Options Summary.
Chapter 10: Action Plans.
Addressing Root Cause.
Creating the Perfect Action.
Components of Real Action Plan.
Action Plan Tracking.
Chapter 11: Continuous Auditing Conditions.
Business Unit Management Conditions.
Internal Audit Conditions.
Chapter 12: Selling Continuous Auditing.
Business Unit Management.
Chapter 13: Continuous Auditing Challenges.
Internal Audit Department.
Chapter 14: Continuous Auditing Uses and Users.
Uses and Users.
Chapter 15: Continuous Auditing Lessons Learned.
Lessons Learned Template.
Appendix: Continuous Auditing Guidance.
About the Author.