Friday, August 19, 2011

New GTAG on Data Analysis from IIA

The IIA has published a new Global Technology Audit Guide, the 16th in a series. It is available for free download (IIA Members only) or purchase (for non-Members) at the following link.

Noteworthy in this GTAG is the use of a Maturity Model that outlines the progression from Basic Analytics through to Continuous Monitoring. While the model is simpler and less prescriptive than ours published previously (download WG&L article featuring Arrowpoint Capital here), we believe it represents important guidance to assist audit teams in advancing from "zero to 60" in the use of data analytics.

What do you think of the new GTAG? We'll provide more thoughts on this guidance next week...

Thursday, August 18, 2011

Emerging IT Issues for Audit & Compliance Leaders

In recent months, I've had the opportunity to re-kindle my professional relationship with Professor Scott Fargason. Scott and I had previously have worked together as co-instructors for a variety of training events, both while I was at Deloitte & Touche and more recently as volunteers and paid presenters for various IIA and other training conferences. We find our background and experiences dovetail quite well - his academic and legal training are top notch, and I bring a practical "here's what works" perspective from my time in both consulting and industry.

We've come together to build a customized one- or two-day CPE seminar titled "Emerging IT Issues for Audit and Compliance Leaders" that we believe offers something quite new, most notably a two-instructor format with total costs similar to courses with only a single instructor.

For more information, please download a two-page flyer on the course and contact either of us for questions about availability.

Thursday, August 11, 2011

Continuous Auditing and Monitoring Bootcamp Scheduled in Houston

Visual Risk IQ will be leading a one-day workshop in Houston on Tuesday 9/27, hosted by the Texas Society of CPA's. The workshop is designed to help you get started on the path to delivering measurable results with continuous monitoring and auditing. This class builds on a highly-reviewed program in Atlanta delivered earlier this year.

We will discuss overall methodology, detailed design for constructing a CA program, talk about current technology, and demonstrate how to turn “CA” into “CM” to benefit your entire organization.

Outcomes from the class will include a Company-specific roadmap, customized for your business and stakeholders, to target the risks you identify and benefits you want to achieve.

Attendees will receive up to 7.5 hours of NASBA-compliant CPE and accomplish the following learning objectives.

1. Business challenges today, and how early detection mitigates greater risks
2. Working definitions of CCM, CM and CA and supporting technologies
3. How to determine where your organization is on the CA/CM maturity model
4. Hurdles to CM/CA implementation and how to overcome them
5. How to dive deeper to determine specific needs in developing the roadmap for CM/CA implementations
6. Proven methods for engaging other stakeholders

For more information, see the following Registration page to download a more detailed program description.