Introduction to Data Analysis for Auditors and Accountants

The audit world is changing. Technology has transformed business processes and created a wealth of data that can be leveraged by accountants and auditors with the requisite mindset. Data analysis can enable auditors to focus on outliers and…

The Prospects of Robotic Process Automation in Indonesia

Robotic Process Automation (RPA) is a concept that uses software ‘robots’ or tools to process data inputs in the computer system to mimic human actions associated with various activities. It provides a way to automate manual work and repetitive…

CRITICAL AUDIT MATTERS

As auditors prepare for a new auditing standard requiring the disclosure of critical audit matters (CAMs) in their reports, they are traveling in uncharted territory and contemplating new information that they will be providing to investors. The…

Internal Audit and Cybersecurity

Internal Audit : A Key Cybersecurity Ally Cybersecurity has been the biggest concern for every enterprises—no matter how huge it is. In 2015, around 1.500 business and technology executives in 12 countries, fell into the prey of sophisticated…

IT Audit Tools Software

IT Audit Tools Software helps the Auditor in carrying out his profession, both in terms of speed and accuracy. There are some software that can be used as a tool in the implementation of information technology audits. • ACL (Audit Command…

DIGITAL PAYMENTS RISK CONSIDERATIONS AND THE ROLE OF INTERNAL AUDIT

Nearly 88% respondents prefer cashless payment over cash payment, with 48% using digital payment for more than 75% of their transactions. Ease of doing payments is one of the key factors for users to move towards digital payment. As high…

A New Era for Auditing After Sarbanes-Oxley

In July 2002, the US public company auditing profession entered a new era. With the enactment of the Sarbanes-Oxley Act of 2002 (SOX), the profession was subject to a new regulatory framework, one designed to increase the reliability…

How to Improve Audit Planning Effectiveness and Efficiency

For decades, auditors have faced the competing pressures of enhancing audit effectiveness while performing audits more efficiently. By investing more time—and the right procedures—in the planning phase of an audit, both can be achieved,…

Challenges for IT Internal Audit Functions

Technology and the impact of disruption on the Financial Services sector is fast becoming a top priority for organizations alongside regulatory compliance. Financial institutions are feeling the burden of the ever-increasing threat of cyber-attacks,…