Harnessing the Power of Continuous Auditing: Developing and Implementing a Practical Methodology

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John Wiley & Sons, Jan 19, 2011 - Business & Economics - 304 pages
Written to help auditors jump start their organization's nearreal-time financial data monitoring and sharing capabilities,Harnessing the Power of Continuous Auditing provides step-by-stepinstruction on how to build, market, implement, and manage asuccessful continuous auditing program.

Taking concept to reality, author and internal audit expert RobertL. Mainardi presents auditors, company executives, business unitmanagers, practitioners, and consultants with a complete road mapto continuous auditing, from start to finish. Beginning with athorough definition of the subject, Mainardi debunks the variousmyths surrounding the process?including the most commonmisperception that the internal audit department must have thecorresponding automated technology to support it?and includesnumerous documented proven techniques and instructions for moreeffective SOX work.

A vital tool to enhance the auditor's skills and abilities,Harnessing the Power of Continuous Auditing's exhaustive coverageincludes:
  • The definition of continuous auditing
  • Where to begin
  • Methodology development
  • Preparing for continuous auditing
  • Root cause analysis
  • Action plans
  • Problem-solving tools
  • Lessons learned
  • Selling continuous auditing
  • Conditions and challenges
This all-in-one handbook of practical execution providesmuch-needed, accessible guidance on everything businessprofessionals need to know to conduct and implement a successfulcontinuous audit in their organizations.
 

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Contents

Continuous Auditing Objectives
Continuous Auditing Methodology Development
Continuous Auditing Foundation Phase
Continuous Auditing Approach Phase
Preparingfor a Continuous Audit
Continuous Auditing Execution Phase
Root Cause Analysis
Continuous Auditing Reporting and Next Steps Reporting and Next Steps
Chapter
Selling
External Clients
Continuous Auditing Uses and Users
Summary
Continuous Auditing Guidance
About the Author
Copyright

Action Plans

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About the author (2011)

ROBERT L. MAINARDI is President of Mainardi & Associates, a firm that creates, develops, facilitates, and administers custom training programs in auditing and risk; evaluates, creates, and implements formal audit methodologies; and consults on critical projects. Prior to forming his own firm, he was a vice president with the Penn Mutual Life Insurance Company. He has written over thirty-five courses focused on continuing education for professionals in the audit, operational risk and control, and accounting fields. He is also a Distinguished Faculty Member for the Institute of Internal Auditors and a featured speaker for the MIS Training Institute.

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