Nicholas Brown has over 8 years of experience in internal auditing, controls, and public accounting. He has worked in manufacturing, publishing, and financial services industries. His experience includes SOX testing, fraud investigations, internal audits, and staff training. He is proficient in audit software and data analytics tools.
Building Continuous Auditing Capabilities utilizing CAATs and Data Analytics technologies. Overview , CA, DA, ACL, Audit Guidelines, Technology, Audit Innovation,
Effective Framework for Continuous AuditingCaseWare IDEA
Past webinar presentation which details the organizational benefits to continuous auditing and example of how continuous auditing would help stem revenue losses.
SLIDESHARE: www.slideshare.net/CaseWare_Analytics
WEBSITE: www.casewareanalytics.com
BLOG: www.casewareanalytics.com/blog
TWITTER: www.twitter.com/CW_Analytic
Statutory audit is a very crucial topic which is a must for any student appearing for CA examination. We have tried to cover as much as possible in these notes.
QLI is one of the best CA, CS and CFA Classes. We have excellent faculty for CPT, IPCC and CA Final.
Building Continuous Auditing Capabilities utilizing CAATs and Data Analytics technologies. Overview , CA, DA, ACL, Audit Guidelines, Technology, Audit Innovation,
Effective Framework for Continuous AuditingCaseWare IDEA
Past webinar presentation which details the organizational benefits to continuous auditing and example of how continuous auditing would help stem revenue losses.
SLIDESHARE: www.slideshare.net/CaseWare_Analytics
WEBSITE: www.casewareanalytics.com
BLOG: www.casewareanalytics.com/blog
TWITTER: www.twitter.com/CW_Analytic
Statutory audit is a very crucial topic which is a must for any student appearing for CA examination. We have tried to cover as much as possible in these notes.
QLI is one of the best CA, CS and CFA Classes. We have excellent faculty for CPT, IPCC and CA Final.
This plan is uploaded to be use as a sample to help people to get an idea. This internal audit plan is prepared for an automotive business activity. I hope it will be useful.
Integrating Data Analytics into a Risk-Based Audit PlanCaseWare IDEA
Presented at a IIA Chapter Meeting.
Although most would agree that internal audit provides an assurance function, it can also be a value-added service. One such value is identifying areas of improvement. This presentation looks at how data analytics can be used within the audit process including risk and controls assessment.
SLIDESHARE: www.slideshare.net/CaseWare_Analytics
WEBSITE: www.casewareanalytics.com
BLOG: www.casewareanalytics.com/blog
TWITTER: www.twitter.com/CW_Analytic
Operational Auditing: Principles and Techniques for a Changing World 07 - 08 ...360 BSI
To succeed in today’s challenging environment, for-profit and non-profit organizations alike must operate with efficiency and economy in mind.
Operational Auditing explores current and emerging trends and issues across industry sectors. You will learn proven techniques to audit an organization's operations; verify the alignment of people, processes and systems; and through exercises learn how to apply the new skills acquired.
Course Participants will learn how to:
• Collect and analyze operational information and data
• Audit an organization’s operations
• Communicate with audit teams
• Identify problem areas & assess risk
• Eliminate wastage & operational redundancies
• Develop solutions & recommend best courses of action
• Detect quality issues
• Avoid conflicts of interest & overcome resistance to change
Contact kris@360bsi.com to register today!
This plan is uploaded to be use as a sample to help people to get an idea. This internal audit plan is prepared for an automotive business activity. I hope it will be useful.
Integrating Data Analytics into a Risk-Based Audit PlanCaseWare IDEA
Presented at a IIA Chapter Meeting.
Although most would agree that internal audit provides an assurance function, it can also be a value-added service. One such value is identifying areas of improvement. This presentation looks at how data analytics can be used within the audit process including risk and controls assessment.
SLIDESHARE: www.slideshare.net/CaseWare_Analytics
WEBSITE: www.casewareanalytics.com
BLOG: www.casewareanalytics.com/blog
TWITTER: www.twitter.com/CW_Analytic
Operational Auditing: Principles and Techniques for a Changing World 07 - 08 ...360 BSI
To succeed in today’s challenging environment, for-profit and non-profit organizations alike must operate with efficiency and economy in mind.
Operational Auditing explores current and emerging trends and issues across industry sectors. You will learn proven techniques to audit an organization's operations; verify the alignment of people, processes and systems; and through exercises learn how to apply the new skills acquired.
Course Participants will learn how to:
• Collect and analyze operational information and data
• Audit an organization’s operations
• Communicate with audit teams
• Identify problem areas & assess risk
• Eliminate wastage & operational redundancies
• Develop solutions & recommend best courses of action
• Detect quality issues
• Avoid conflicts of interest & overcome resistance to change
Contact kris@360bsi.com to register today!
1Running Head AUDIT EVIDENCE2AUDIT EVIDENCEkendahudson
1
Running Head: AUDIT EVIDENCE
2
AUDIT EVIDENCE
Audit Evidence
Katherine Askew
BSA 505
April 6, 2020
Evidence Gathering and Sampling Methodologies
Gathering techniques are the specific methods and techniques used to collect distinctive kinds of evidence. These techniques include re-performance, inquiry, inspection, and observation, as well as analytical procedures. Audit evidence termed as the information or data collected and used by an auditor as part of his audit work in concluding the opinions if the financial statements prepared in all the material respect and as per the applicable economic frameworks.
Inspection is one of the evidence-gathering procedures where an auditor inspects documents and records that provide varying reliability degrees depending on the source and nature of the material used. Inspecting physical assets provides evidence with higher reliability, and others indicate value. Observation entails checking the application of an entity's or client's procedure and policy hence getting assurance of the process at a particular point of time.
Recalculation entails computation or recalculating to provide a higher degree of assurance about arithmetical accuracy. Also used to check the client's records like subtotals for receivables ledger and pricing on invoices. Re-performance can be active in reviewing the client process like bank reconciliation (Abou-Seada & Abdel-Kader 2017). It can be performed via the use of computer-assisted audit techniques or manually. Recalculation and re-performance provide reliable evidence compares to enquiring and observation.
Analytical procedures entail studying of plausible relationships among the data. These procedures are limited since evidence relies on the validity of the set data. They are used in the entire audit process and conducted for primary purposes like risk assessment, substantive testing, and overall conclusion. An inquiry used to obtain knowledge of the entity, collect specific evidence, and corroborate evidence collected using other means.
The evidence gathering process is summarized or broken down into four primary steps. It begins with designing the audit tests or procedures, including re-performance, inquiry, inspection, and observation, as well as analytical methods. The second step entails carrying out the audit tests r procedures and gathering evidence. The third one involves an analysis of evidence and concluding as well as evaluation of performance against the audit criteria. The fourth step is deciding if additional information is required and can be acquired or if there exists adequate, appropriate evidence.
Audit sampling entails the use of audit procedures in selecting the items within a class of transactions or an account balance. It is the process of examining parts of the data set or population that is sufficient to attain rational assurance on the entire data or population. There are several sampling methodologies used for the controls under ...
1Running Head AUDIT EVIDENCE2AUDIT EVIDENCE.docxaulasnilda
1
Running Head: AUDIT EVIDENCE
2
AUDIT EVIDENCE
Audit Evidence
Katherine Askew
BSA 505
April 6, 2020
Evidence Gathering and Sampling Methodologies
Gathering techniques are the specific methods and techniques used to collect distinctive kinds of evidence. These techniques include re-performance, inquiry, inspection, and observation, as well as analytical procedures. Audit evidence termed as the information or data collected and used by an auditor as part of his audit work in concluding the opinions if the financial statements prepared in all the material respect and as per the applicable economic frameworks.
Inspection is one of the evidence-gathering procedures where an auditor inspects documents and records that provide varying reliability degrees depending on the source and nature of the material used. Inspecting physical assets provides evidence with higher reliability, and others indicate value. Observation entails checking the application of an entity's or client's procedure and policy hence getting assurance of the process at a particular point of time.
Recalculation entails computation or recalculating to provide a higher degree of assurance about arithmetical accuracy. Also used to check the client's records like subtotals for receivables ledger and pricing on invoices. Re-performance can be active in reviewing the client process like bank reconciliation (Abou-Seada & Abdel-Kader 2017). It can be performed via the use of computer-assisted audit techniques or manually. Recalculation and re-performance provide reliable evidence compares to enquiring and observation.
Analytical procedures entail studying of plausible relationships among the data. These procedures are limited since evidence relies on the validity of the set data. They are used in the entire audit process and conducted for primary purposes like risk assessment, substantive testing, and overall conclusion. An inquiry used to obtain knowledge of the entity, collect specific evidence, and corroborate evidence collected using other means.
The evidence gathering process is summarized or broken down into four primary steps. It begins with designing the audit tests or procedures, including re-performance, inquiry, inspection, and observation, as well as analytical methods. The second step entails carrying out the audit tests r procedures and gathering evidence. The third one involves an analysis of evidence and concluding as well as evaluation of performance against the audit criteria. The fourth step is deciding if additional information is required and can be acquired or if there exists adequate, appropriate evidence.
Audit sampling entails the use of audit procedures in selecting the items within a class of transactions or an account balance. It is the process of examining parts of the data set or population that is sufficient to attain rational assurance on the entire data or population. There are several sampling methodologies used for the controls under ...
1Running Head AUDIT EVIDENCE2AUDIT EVIDENCE.docxherminaprocter
1
Running Head: AUDIT EVIDENCE
2
AUDIT EVIDENCE
Audit Evidence
Katherine Askew
BSA 505
April 6, 2020
Evidence Gathering and Sampling Methodologies
Gathering techniques are the specific methods and techniques used to collect distinctive kinds of evidence. These techniques include re-performance, inquiry, inspection, and observation, as well as analytical procedures. Audit evidence termed as the information or data collected and used by an auditor as part of his audit work in concluding the opinions if the financial statements prepared in all the material respect and as per the applicable economic frameworks.
Inspection is one of the evidence-gathering procedures where an auditor inspects documents and records that provide varying reliability degrees depending on the source and nature of the material used. Inspecting physical assets provides evidence with higher reliability, and others indicate value. Observation entails checking the application of an entity's or client's procedure and policy hence getting assurance of the process at a particular point of time.
Recalculation entails computation or recalculating to provide a higher degree of assurance about arithmetical accuracy. Also used to check the client's records like subtotals for receivables ledger and pricing on invoices. Re-performance can be active in reviewing the client process like bank reconciliation (Abou-Seada & Abdel-Kader 2017). It can be performed via the use of computer-assisted audit techniques or manually. Recalculation and re-performance provide reliable evidence compares to enquiring and observation.
Analytical procedures entail studying of plausible relationships among the data. These procedures are limited since evidence relies on the validity of the set data. They are used in the entire audit process and conducted for primary purposes like risk assessment, substantive testing, and overall conclusion. An inquiry used to obtain knowledge of the entity, collect specific evidence, and corroborate evidence collected using other means.
The evidence gathering process is summarized or broken down into four primary steps. It begins with designing the audit tests or procedures, including re-performance, inquiry, inspection, and observation, as well as analytical methods. The second step entails carrying out the audit tests r procedures and gathering evidence. The third one involves an analysis of evidence and concluding as well as evaluation of performance against the audit criteria. The fourth step is deciding if additional information is required and can be acquired or if there exists adequate, appropriate evidence.
Audit sampling entails the use of audit procedures in selecting the items within a class of transactions or an account balance. It is the process of examining parts of the data set or population that is sufficient to attain rational assurance on the entire data or population. There are several sampling methodologies used for the controls under .
Internal controls maturity and SME corporate governananceBrowne & Mohan
Good Corporate governance is a key factor in ensuring sound financial reporting and deterring misappropriations of capital and resources. Internal control and corporate governance go hand in hand. Many SME
have an ambitious goal of reaching a
reliable, continuous and integrated internal
control state. However, many SME’s are
still grappling to build a comprehensive
control process. In this paper, we present an
internal maturity framework that SME can use to benchmark and know how they can discourage frauds, improve compliance and adoption of standards.
Finance Department COSO Implementation MemoTownofAddison
Finance Department Director and Addison CFO Eric Cannon presented this memo and update to City Council on February 10, 2015 concerning the implementation of COSO standards.
What is the procedure for financial statement audit.pdfRathnakarReddy17
The purpose of a financial statement audit is to add credibility to the reported financial condition and business performance. Annual reports must be submitted by all publicly traded corporations and are subject to SEC audits.Similarly, lenders typically require audits of the financial statements of the companies they finance. Suppliers may also require audited Financial Statement Preparation in New York before granting trade credit (usually only if the amount of credit requested is substantial).
The Impact of Artificial Intelligence on Modern Society.pdfssuser3e63fc
Just a game Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?
Exploring Career Paths in Cybersecurity for Technical CommunicatorsBen Woelk, CISSP, CPTC
Brief overview of career options in cybersecurity for technical communicators. Includes discussion of my career path, certification options, NICE and NIST resources.
NIDM (National Institute Of Digital Marketing) Bangalore Is One Of The Leading & best Digital Marketing Institute In Bangalore, India And We Have Brand Value For The Quality Of Education Which We Provide.
www.nidmindia.com
Want to move your career forward? Looking to build your leadership skills while helping others learn, grow, and improve their skills? Seeking someone who can guide you in achieving these goals?
You can accomplish this through a mentoring partnership. Learn more about the PMISSC Mentoring Program, where you’ll discover the incredible benefits of becoming a mentor or mentee. This program is designed to foster professional growth, enhance skills, and build a strong network within the project management community. Whether you're looking to share your expertise or seeking guidance to advance your career, the PMI Mentoring Program offers valuable opportunities for personal and professional development.
Watch this to learn:
* Overview of the PMISSC Mentoring Program: Mission, vision, and objectives.
* Benefits for Volunteer Mentors: Professional development, networking, personal satisfaction, and recognition.
* Advantages for Mentees: Career advancement, skill development, networking, and confidence building.
* Program Structure and Expectations: Mentor-mentee matching process, program phases, and time commitment.
* Success Stories and Testimonials: Inspiring examples from past participants.
* How to Get Involved: Steps to participate and resources available for support throughout the program.
Learn how you can make a difference in the project management community and take the next step in your professional journey.
About Hector Del Castillo
Hector is VP of Professional Development at the PMI Silver Spring Chapter, and CEO of Bold PM. He's a mid-market growth product executive and changemaker. He works with mid-market product-driven software executives to solve their biggest growth problems. He scales product growth, optimizes ops and builds loyal customers. He has reduced customer churn 33%, and boosted sales 47% for clients. He makes a significant impact by building and launching world-changing AI-powered products. If you're looking for an engaging and inspiring speaker to spark creativity and innovation within your organization, set up an appointment to discuss your specific needs and identify a suitable topic to inspire your audience at your next corporate conference, symposium, executive summit, or planning retreat.
About PMI Silver Spring Chapter
We are a branch of the Project Management Institute. We offer a platform for project management professionals in Silver Spring, MD, and the DC/Baltimore metro area. Monthly meetings facilitate networking, knowledge sharing, and professional development. For event details, visit pmissc.org.
How Mentoring Elevates Your PM Career | PMI Silver Spring Chapter
Nick Brown resume
1. Nicholas Brown, CIA, (CRMA - Certification in Risk Management Assurance)
e-mail: nryanbrown@yahoo.com
Summary:
I am a highly-qualified audit professional withapproximately8 years of operational internal audit experience and2 years ofinternal
control experience along with2 years of public accounting experience. Mywork experience is quite diverse and includes internal
audits, fraud investigations, SOXtestingand documentation, data analytics, andtraining/mentoringstaff. Myindustryexperience
includes manufacturing, publishingand financialservices witha knowledge ofregulatorylaws andrelateddisclosures. I possess strong
communicationskills gainedfrom experience as anauditor as well as fromthe public speakinggroup Toastmasters.
WORK EXPERIENCE:
First Command Financial Services – Fort Worth,TX July 2013 – April 2016
Acting Lead Auditor January2015-August 2015
Internal Auditor July2013-April 2016
Performedinternal audits in accordance withDepartmental guidance, IIA standards, and applicable Regulatoryrequirements, to
include the followingareasof the company: Consumer Lending, Financial Accounting, Advisor services, Transfer Agency,
Treasury/payroll, Bankoperations
Informallymanagedthe groupwhile intransitionbyleading audits, conducted newhire training for two new hiresas wellas
provided feedback onhowto utilize TeamMate all which ensureda smooth transition ontothe team
Introducedthe use ofa DepartmentalSharePoint site whichwas intendedto anddidresult in a reductionof e-mail to/from
process owners duringanaudit
Assistedco-sourced external partners (Grant Thornton) withanaudit of the Trust Department as well as a BankSecrecyAct/Anti-
MoneyLaundering audit
Achievements:
During a review ofAdvisor Services, it wasnotedthat Supervisoryprincipals were not supervising tradingactivityinaccordance
with the Compliance manual. This notable finding ledto the creationof a transaction supervisionteam which ensuredthat client
transactional tradeswere reviewed for suitabilityin accordance with FINRA rule 2111.
Composeda fact pattern chainof events relatedto anemployee’s fraudulent use of a credit cardissued byFirst Command Bank
for use during a companyrequired trainingcourse whichledto the company’s abilityto seek recovery of the funds
Discoveredthat a missedpayrollcheck for a remote basedadvisor in traininghadnot beenaccruedfor. While not material in
nature, this didlead to the creationof a process where the payroll manager notified accounting whenan accrualneededto be
made.
Blue Lynx Media – Lewisville,TX June 2011 – July 2013
Intermediate Control Analyst – Controls & Compliance Group
Developedpolicies & procedures to ensure that effective andefficient preventative/detective controlswere in place with regards
to payroll review, PCI standards, Business ContinuityPlanning
Worked withSr. IT Control Analyst to helpdocument SAS-70 Type II audits
Assistedbusiness units with regulatorycompliance audits dictatedbylocal/state governments or unionentities – including an
escheatment, and a unionpensionaudit
Assistedfour of Tribune’s major publishingmarkets withtheir yearlyexternalaudit revenue testing for 2011 and2012
Traveledto publishingbusiness units to performupdates oftheir SOXdocumentation
Performedrevenue recognition testing in conjunction withthe externalauditors to helpvalue the publishingbusiness units for
their eventualspinoff fromTribune Company.
Achievements:
Receivedexceptional feedbackfrom the Controller of the Chicago Tribune withregards to a Driver’s pensionaudit where the
external CPA firm issued a No Exceptions notedreport
Preventeda control deficiencyfor our 2012 internal audit as a sharedservices center byassisting transactional managers in
updatingtheir correct reportingstructure onthe companyintranet site ensuring that non-employee contractors were correctly
listed as reporting to the correct manager
2. CommScope – Richardson, TX January 2006 – October 2010
Experienced Staff Internal Auditor January 2010 – October 2010
Staff Internal Auditor January 2008 – December 2009
Junior Internal Auditor January 2006 – December 2007
PerformedandledSOX404 compliance auditing for the domestic andinternational locations. SOXcycles auditedinclude payroll
(processing, master file maintenance), expenditures (Accounts payable, purchase cards, vendor master data - additions, changes,
deletions), inventory(physical, damaged and obsolete, cycle counts, scrapped items), revenue (cashreceipt processing,
recognition), andfixedassets
Served as staff auditor on a general control review audit in Australia, whichincluded examining processesrelatedto quality
inspection for returned/damagedgoods, scrapped items, expenditures, physical inventory, accounts receivable, and fixedassets
Assistedexternal auditor (E&Y) with interim andyear-endexternal audit workefforts
Interacted efficientlyandeffectivelywith all levels of personnel involvedwith audit's review(fromsite managers to warehouse
personnel)
UtilizedIDEA data interrogation software during audits to perform data analytics, data mining, andcontinuous auditing projects
PerformedIT audits (under the IT audit manager’s guidance) to include SAP
Achievements:
PerformedSOXaudits individuallyand in a team setting. Supervisedanother staffauditor’s work dailyon aninternationalSOX
engagement with periodic calls withaudit management located inthe US.
Identifiedapproximately$60,000 of non-allowable travel andentertainment expenses during a salesexpenseand visibilityaudit
Performedcontinuous audit monitoringandidentifiedapproximately$19,000 in duplicate vendor payments which was recovered
bythe Company
A review ofSAP’s user access foundthat users hadaccessto post andclear cri tical transactions relatedto financial ledger postings,
inventory(physical inventory, cycle counts, onholditems, and adjustments). These individuals were not associated withthe site
under review and their role did not necessitate that theypossessthis access. Because ofthe review, management undertook a
review of user accessand removedindividuals who hadunwarrantedsystemaccess.
A review ofSAP’s applicationcontrols aroundrevenue recognition notedthat management didnot performa timelyreview of
items onbillingblockwhich influenced the revenue recognitionprocess. Because of the review, management undertook a
periodic reviewof items onbilling block sothat corrective actionwouldbe takenina timelymanner to remove/resolve the item
on billing block.
Audited the development of a SAPcustom transaction code for a journal entryextractionprocessfor a subsidiary’s Legacy version
of SAPto ensure that data was extractedandreportedcompletelyandaccurately
Al Zahn, CPA,APAC – Mandeville,LA January 2004 – January 2006
Accountant
Determinedmaterialitythreshold relating to accounts receivable for an annual audit
Performedbookkeeping for various clients inthe restaurant, construction, food distributionandhealthcare industries
Managedan annual payroll of approximately$1.8 million
Preparedindividual income tax returns
EDUCATION:
Southeastern LouisianaUniversity
Bachelor of Science, Accounting Accounting GPA:3.7/4.0
Bachelor of Arts, Management Management GPA:3.7/4.0
Graduated: December 2004, Magna Cum Laude Overall GPA:3.7/4.0
SKILLS:
Proficient with Microsoft Word, Excel, PowerPoint andten-keycalculator
Extensive user of IDEA data miningsoftware andTeamMate audit software
Familiar with Audit CommandLanguage software, SAPandJD Edwards, JackHenrybanking software, AS/400, NetX360
ACTIVITIES:
First CommandToastmasters – Sergeant at Arms (2014-2015);Treasurer (2015)
ChisholmTrail Optimist International – Secretary/Treasurer (2014/2015)
ChisholmTrail Optimist International – Treasurer (2015/2016)
Beta Alpha Ps (inactive) Beta Gamma Sigma
Gamma Beta Phi Honor Society The ThirteenClub