Assessing the Risk When Auditing Journal Entries can be Challenging
This topic lends itself well to data analytics.
In this webinar, we examined multiple metrics that contribute to the risk assessment of the individual postings as well as the accounts and employees concerned.
We also reviewed methods for combining the individual elements to arrive at risk scores for the purposes of ranking and detailed review. Risks based on dates, amounts, keywords, and top-line accounts was presented.
Webinar Replay
Speaker: Michael Kano
CAAP, ACDA
Data Analytics Consultant - Arbutus Analytics
Highly skilled data analytics professional with more than twenty years of international experience in the development of ACL/Arbutus data analysis programs (scripts) for auditors, fraud detection professionals, SOX compliance teams, and business departments. Drives strategic integration of data analytics into audit programs. Identifies areas suitable for testing in order to expand audit scope and realize productivity gains, including continuous monitoring. Communicates well with business process owners in functional areas to secure buy-in for testing support. Provides user training and best practices development and documentation.