course goals

This workshop is for you if you wish to:

1. Review the links between COSO's internal control, the enterprise risk management components and continuous monitoring;
   

2. Know when and how to apply the four-D approaches to continuous monitoring (Discriminant Analysis, Detection Formulas, Digit and Number patterns, and Date-sequenced transactions);
   

3. Use Microsoft Access, IDEA or ACL as your tool to implement your chosen approach;
   

4. Have an introduction to Minitab and Xcelsius;
   

5. Have a working knowledge of the phases of the monitoring process;
   

6. Learn more about continuous monitoring in an ERP environment and tracking audit findings; and
   

7. Learn more about corporate dashboards - a completely new tool for audit management
   

workshop scope

1. Examples of continuous monitoring and elements of a continuous monitoring environment
   

2. Continuous monitoring within COSO's internal control framework and enterprise risk management
   

3. Continuous monitoring: preventive, detective and corrective internal controls
   

4. Four-D approaches
   

5. Use of Microsoft Access/IDEA/ACL as a data interrogation and continuous monitoring software solution
   

6. Overview of statistical software, Minitab and management presentation software, Xcelsius
   

7. Monitoring of corporate reporting in an ERP environment
   

8. Review of ERP systems and issues associated with data extraction
   

9. Review of a monitoring system designed to assess the risk of fraudulent or biased financial reporting
   

10. Hands-on case studies*
    

*Participants are required to bring along their own laptops for hands-on sessions

who should attend

1. Internal auditors
   

2. Forensic accountants
   

3. Controllers who would be actively carrying out analysis of accounting data

Uncovering Deception

Interviewing and Interrogation

Kinesic Interviewing

Fraud Investigations

Anti-Money Laundering

Operational Risk Management

Continuous Monitoring Techniques

Benford’s Law and Data Analysis

Behavioural Profiling

Derivatives: Legal Risks and Documentation

Banking Secrecy

Regulatory Updates