Data Analytics for Travel and Entertainment (T&E) Auditing. Robert Luu, Senior Solutions Consultant, ACL Date: September 27, 2016.
|
|
- Toby Merritt
- 5 years ago
- Views:
Transcription
1 Data Analytics for Travel and Entertainment (T&E) Auditing Presented by: Steve Dirks, Senior Account Executive, ACL Robert Luu, Senior Solutions Consultant, ACL Date: 2 Opening Remarks Moderator R. Kinney Poynter Executive Director NASACT Speaker Steve Dirks Senior Account Executive ACL Speaker Robert Luu Senior Solutions Consultant ACL
2 Agenda Introductions Market Trends and Risks in T&E Auditing Analysis Techniques (Data and Process) Follow up Actions and Remediation Value-Add Partnership (Audit and Management) Summary Q & A ACL s Vision Our vision is a world where audit, risk and compliance professionals are an organization s most sought after people 4
3 Market Trends & Risks in T&E Auditing CFO.com 2016 Expense Management Trends
4 CFO.com 2016 Expense Management Trends Transactional electronic data is available in 90%+ of organizations CFO.com 2016 Expense Management Trends
5 Risk - Abuse of Power The former chief executive officer of a local electric utility is facing up to 20 years in prison after pleading guilty to fraud. The Office of U.S. Attorney Josh Minkler says Donnis Mizelle is accused of stealing $500,000 from Avon-based Hendricks Power Cooperative over the course of six years. Mizelle is alleged to have "routinely" used company funds like a personal expense account, racking up charges that were tabbed as business expenses, but included purchases such as a $650 bracelet and pen from a local jewelry store and $1,250 for train travel on a family trip to Europe. Minkler says "CEOs hold positions of special trust and authority, not only in the companies they serve but as leaders in society. We expect them to act with integrity. Exploiting that special trust for personal gain is an egregious crime, especially when those defrauded are friends and neighbors in a community that the CEO was hired to serve." The filings accuse Mizelle of submitting false expense reports "on an almost monthly basis," receiving reimbursements for such things as iphones and ipads, sports tickets, clothing, meals and groceries. Risk - Compromising the Public s Trust The speaker of the B.C. legislature Linda Reid charged taxpayers thousands of dollars to fly her husband to South Africa last August while she was attending the Commonwealth Parliamentary Conference. B.C. Liberal MLA Linda Reid's tweeted this picture of her husband relaxing with a giraffe in South Africa after taxpayers paid thousands for his business-class ticket. (Linda Reid/Twitter) She later admitted that her husband's travels costs amount to roughly $5,500 and that she would repay it. B.C. Finance Minister Mike de Jong says scrutiny over Reid's expenses is appropriate because the public is entitled to know how its dollars are being spent. "Politicians have to ask themselves whether or not the money, the public dollars that they are spending, are being spent in a defensible manner," he said.
6 Risk - Reputational Risk A former Mississippi State University employee is facing embezzlement charges, State Auditor Stacey Pickering announced Wednesday. Susan Holder, 63, surrendered to the Oktibbeha County Sheriff's Office on Friday, following her indictment, according to a news release. She is accused of submitting duplicate travel expenses for $35, between September 2007 and October 2011, getting those reimbursed by both the university and a private foundation, the news release said. How does this impact alumni donations? 12 Polling Question 1 of 2 For individuals: Please be sure to answer the polling questions as they are also your attendance checks for today s webinar. For groups: Please answer in a way that reflects the consensus of the group. Attendance for groups is still monitored via the sign-in sheet. Don t forget to send in your questions!
7 Trends in T&E Auditing Increasing Transparency in Public Sector
8 Early Warning System A well-defined T&E Audit program requires a fully optimized end-to-end monitoring solution with correct oversight at key process checkpoints. Continuous Auditing solution with configurable analysis Red-flag indicators with review checkpoints Alerts & Exceptions Actionable and feedback mechanisms Data-Driven Continuous Auditing: Early Warning System Useful Data Objectives > Criteria > Risk > Frequency > Data Requirements ERP Pyrll HR Risk X Big Data Data-Driven Continuous Auditing Data extraction Analytics & Analysis Alerts & exceptions Remediation Eliminate false-positives
9 Analytics Capability Model Repeatable More consistent, repeatable processes Managed Performance metrics for process adjustment Defined Consistent standards, documented processes Optimizing Continuous improvement Initial Inconsistent, ad-hoc processes Source: Adapted from Carnegie Mellon University Risk-based Approach for Analytic Selection Human error in data input (duplicates / data completeness and accuracy) Potential fraudulent transactions Compliance requirements not enforced by application controls Analytic assignment Corporate cards are used for non-business purpose (abuse of company funds) Corporate cards are used as Purchase Cards to go around procurement policies Analytic objectives Risk analysis (control and inherent) Analytic selection Out of pocket transactions abuse by employees Expense reports not submitted on time Analytic prioritization T&E policy is not properly enforced (spending limits, flight class travel, meal reimbursement) Design Development Implementation
10 Analysis Techniques (Data and Process) Continuous Auditing for T&E ID Analytic Frequency CC01 Improperly Classified Late Payment Charges Weekly CC02 Non-business and questionable transactions Weekly CC03 Credit / refund transactions Monthly CC04 Abuse of cash advances Monthly CC05 Abuse of out-of-pocket expenses Monthly CC06 <integrated to CC02> CC07 Personal usage of corporate credit cards Monthly CC08 Old transactions not submitted by user Monthly CC09 Old expense report not submitted by user Monthly CC10 Wrongly classified expenses Monthly CC11 Duplicate Expense Claims Weekly CC12 Expense reports claimed for sensitive accounts Weekly CC13 Expense claims with unusual amounts Weekly CC14 Potential split of credit card charge Monthly Design Development Implementation
11 Source data challenges and solutions Data request Prepared based on functional requirements. Scope exclusions Analytic logic performance Exception elements requested Potential future analytics expansion Document should contain detailed definition of all data extracts required for analytics. Design Development Implementation Source data challenges and solutions Source system Data should be provided from systems being closest to point of data entry Extracts responsibility for interface and extracts relies on other team any changes involving adjustment of source data last much longer require involvement of several teams and increased funding. Direct access to data allows for direct control over source data generation process required data SME and understanding of database table layout and content Design Development Implementation
12 Analytic Development Best Practices Technical documentation Script commentary Interface controls completeness, timeliness, accuracy Source data file handling approach Historical data Repeated results control Logical separation of scripts (import and analytics) Analytics parametrization Design Development Implementation 24 Polling Question 2 of 2 For individuals: Please be sure to answer the polling questions as they are also your attendance checks for today s webinar. For groups: Please answer in a way that reflects the consensus of the group. Attendance for groups is still monitored via the sign-in sheet. Don t forget to send in your questions!
13 Follow Up Actions and Remediation Value-Add Partnership (Audit and Management) Remediation Process Ownership Analysis Owner (Audit) Control Owner (Management) Definition of functional requirements. User Acceptance Testing. Establishing work instructions Timely and thorough exception resolution. User s assignment and supervision of exception resolution process. Continuous improvement of analytic and resolution process Users that are involved in creation, update or approval of elements being subject of automatic control should not be the one resolving exceptions. (Segregation of Duties) Clearly defined responsibility regarding exception resolution. Direct influence over all users
14 Remediation process Ownership CFO.com 2016 Expense Management Trends
15 Remediation process exceptions tracking Track exceptions resolution process with 5 KPI s allowing to quickly see what s the status of it per area and analytic. Total count of exceptions Average Time to Resolve Exceptions Percentage of confirmed exceptions Average Age Of Unresolved Exception Total backlog of exceptions In Summary
16 In Summary - ACL Essentials In Summary
17 In Summary In Summary
18 Q&A Robert Luu, Senior Solutions Consultant, ACL Steve Dirks, Senior Account Executive, ACL Questions and Answers Moderator R. Kinney Poynter Executive Director NASACT Speaker Steve Dirks Senior Account Executive ACL Speaker Robert Luu Senior Solutions Consultant ACL
Auditing Police Overtime: City of Seattle Case Study
Auditing Police Overtime: City of Seattle Case Study OFFICE OF CITY AUDITOR NOVEMBER 1, 2016 OPENING REMARKS Moderator Kinney Poynter Executive Director NASACT Auditor-in-Charge Robin Howe Manager, Internal
More informationContract and Procurement Fraud. Fraud in Procurement without Competition
Contract and Procurement Fraud Fraud in Procurement without Competition Sole-Source Awards Noncompetitive procurement process through the solicitation of only one source Procurement through sole-source
More informationFraud in Today s Economic Environment
Fraud in Today s Economic Environment Presented by: Victor Hieken, CPA, CFE Jeffrey Streif, CPA, CFE, CISA, QSA Bill Slaughter, CPA Economic Uncertainty Unemployment What is Fraud? A misrepresentation
More informationContract and Procurement Fraud
Contract and Procurement Fraud Fraud in Procurement Without Competition 2018 Association of Certified Fraud Examiners, Inc. Sole-Source Awards The procurement process is noncompetitive through the solicitation
More informationReview of Water and Wastewater Services Procurement Card Transactions
Exhibit 1 Review of Water and Wastewater Services Robert Melton, CPA, CIA, CFE, CIG County Auditor Audit Conducted by: Jed Shank, CPA, Audit Manager Dirk Hansen, CPA, Audit Supervisor Bryan Thabit, CPA,
More informationFraud Prevention, Detection, and Internal Controls
Fraud Prevention, Detection, and Internal Controls Budget, Accounting and Reporting Council May 28, 2015 Sherrie Ard, CPA, CFE Financial Management Specialist Local Government Performance Center Local
More informationORACLE ADVANCED FINANCIAL CONTROLS CLOUD SERVICE
ORACLE ADVANCED FINANCIAL CONTROLS CLOUD SERVICE Advanced Financial Controls (AFC) Cloud Service enables continuous monitoring of all expense and payables transactions in Oracle ERP Cloud, for potential
More informationA Financial Executive s Guide to Internal Controls & Fraud Prevention in the Cloud
A Financial Executive s Guide to Internal Controls & Fraud Prevention in the Cloud July 2018 Greenlight Technologies. All rights reserved. 1 Speakers James Rice Vice President of Customer Solutions Greenlight
More informationACL ESSENTIALS. Get insight into your ERP process health, compliance & financial exposure TRAVEL & ENTERTAINMENT EXPENSES
ACL ESSENTIALS Get insight into your ERP process health, compliance & financial exposure TRAVEL & ENTERTAINMENT EXPENSES Page Analytic Name Split expenses TE Analytic 01 Same expense claimed by two or
More informationCLOSING THE GAPS IN. COMPLIANCE A Concur Global Community Report on T&E audit best practices.
CLOSING THE GAPS IN COMPLIANCE A Concur Global Community Report on T&E audit best practices. About this report. As a part of our Concur Global Community, we want to help you connect with your peers. It
More informationUsing Transactional Analysis for
Using Transactional Analysis for Effective Fraud Detection Date: 15 th January 2009 Nishith Seth Seth Services.P. Ltd. www.sspl.net.in Cost Indirect costs: image, morale Fraud Issues & Impact Direct costs:
More informationYour School District Procurement Card. Staff Guide Staff Agreement & Board Policy
Your School District Procurement Card Staff Guide Staff Agreement & Board Policy OVERVIEW The Procurement Card Program is intended to streamline and simplify the Procurement and Accounts Payable functions.
More informationCompliance at the Point of Sale
Compliance at the Point of Sale Presented by CJ Wolf MD, CHC, CPC, COC, CCEP Healthicity Senior Compliance Executive cj.wolf@healthicity.com Darryl Rhames CFE, CICA University Health System Dir. Compliance
More informationLeveraging Data Analytics to Expand Audit Coverage and Add Organizational Value
Leveraging Data Analytics to Expand Audit Coverage and Add Organizational Value Clint McPherson Managing Director, Dallas, TX Cindy Hart Manager, Dallas, TX Setting the Stage - Data Analysis Defined Data
More informationGBAS Business Administrator Institute: Presenter: Brian Mikell, Chief Audit Executive Office of Audit and Compliance Review
GBAS Business Administrator Institute: Presenter: Brian Mikell, Chief Audit Executive Office of Audit and Compliance Review Identify existing tools available to assist with internal controls and compliance
More informationHow to stop improper payments: A focus on government vendor risk
How to stop improper payments: A focus on government vendor risk TODAY S SPEAKERS Nichole Gable SENIOR MANAGER KEARNEY & COMPANY Nonie Dalton SENIOR PRODUCT MANAGER, PUBLIC SECTOR, ACL IN TODAY S WEBINAR
More informationManaging Risk in Your P2P Process: 10 Ways that Automation Can Help Mitigate Risk
Managing Risk in Your P2P Process: 10 Ways that Automation Can Help Mitigate Risk Chris Doxey, CAPP, CCSA, CICA, CPC President, Doxey, Inc. chris@chrisdoxey.com 571-267-9107 Agenda Introduction to Risk
More informationACL ESSENTIALS. Get insight into your ERP process health, compliance & financial exposure ACCOUNTS PAYABLE
ACL ESSENTIALS Get insight into your ERP process health, compliance & financial exposure ACCOUNTS PAYABLE Page Analytic Name Duplicate payments AP Analytic 01 Duplicate invoices AP Analytic 02 Duplicate
More informationCan You Spot Fraudsters?
Can You Spot Fraudsters? CACUBO Workshop March 22, 2018 Eric Conforti, CPA, CFE 1 Who Are We? A One-Firm Firm: Over 2,200 industry experts to partner with when specific industry knowledge is needed during
More informationOffice of Financial Services June 30, 2017
Office of Financial Services What are Internal Controls? Internal controls are processes effected by those charged with governance, management, and other personnel designed to provide reasonable assurance
More informationMarch 1, Ms. Selena Cuffee-Glenn Chief Administrative Officer
March 1, 2016 Ms. Selena Cuffee-Glenn Chief Administrative Officer The Office of the Inspector General (OIG) has completed an investigation of travel, training, and education expenditures of an employee
More informationWhite Paper. 10 Expense Management Best Practices
White Paper 10 Expense Management Best Practices Overview Whether you are planning to write your first T&E policy or you are a corporate travel veteran who has had one in place for many years, it's always
More informationACL ESSENTIALS. Get insight into your ERP process health, compliance & financial exposure SALARIES & PAYROLL
ACL ESSENTIALS Get insight into your ERP process health, compliance & financial exposure SALARIES & PAYROLL Page Analytic Name Employee names on the payroll that match a vendor PR Analytic 01 Ex-employees
More informationThe Role of Oversight and Monitoring and the Use of Analytics to Increase Effectiveness of your Compliance Program
The Role of Oversight and Monitoring and the Use of Analytics to Increase Effectiveness of your Compliance Program Presented by: David Curé, Vice President and Chief Auditor Christopher Price, Sr. Director,
More information9/15/2017. Automated Control Monitoring for Fraud, Waste and Abuse
Automated Control Monitoring for Fraud, Waste and Abuse 1 Join the session in the AGA app to join polls and ask question Agenda Introductions DOS OIG Criminal Analysis Division & Analytics Florida IG Audience
More informationFraud Prevention: How to Identify and Protect Your Higher Ed Institution
Fraud Prevention: How to Identify and Protect Your Higher Ed Institution November 16, 2017 Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment
More informationEMPLOYEE FRAUD OPPORTUNITIES CHECKLIST
Page 128 of 174 EMPLOYEE FRAUD OPPORTUNITIES CHECKLIST Recognizing Warning Signs and Preventing Problem Situations Why are consistent internal controls important? Management decisions, financial reports,
More informationManaging 4-H Club and Learning Community Funds Frequently Asked Questions
Managing 4-H Club and Learning Community Funds Frequently Asked Questions A. Purpose and Benefits 1. With 4-H club accounts managed within the extension operating fund, how does that improve public perception?
More informationMike Brosnahan. Senior Vice President West Suburban Bank
Mike Brosnahan Senior Vice President West Suburban Bank Michael Goldman Certified Public Account Certified Valuation Analyst Certified Fraud Examiner How many of you have been defrauded by employees? How
More informationMISTAKE 2 MISTAKE 3 MISTAKE 1 MISTAKE 4. I might have missed a few expenses, but that s OK. It all comes out in the wash.
WHITE PAPER You didn t start your business because you wanted to spend late nights hunched over spreadsheets, reconciling accounts. The thrill of the sale is what excites you. However, bookkeeping is unavoidable,
More informationData analytics is a powerful tool to prevent fraud and manage risk
Data analytics is a powerful tool to prevent fraud and manage risk Identify risk of noncompliance with anti-corruption laws Prepared by: Victor Padilla, Director, RSM US LLP victor.padilla@rsmus.com, +1
More informationWhat Happens When Internal Controls Fail
What Happens When Internal Controls Fail 1 Your Presenters Brian Sanvidge Principal Baker Tilly Ellen Labita Partner Baker Tilly Danielle Callaci Manager Baker Tilly 2 Today s Agenda > What are Internal
More informationFinancial Controls Checklist
Financial Controls Checklist Board of Health: Board of Health for the Leeds, Grenville & Lanark District Health Unit Period ended: Dec. 31/17 Objective: The objective of the Financial Controls Checklist
More informationPlugging the Gaps in Financial Controls Monitoring
Plugging the Gaps in Financial Controls Monitoring Finance organizations are under duress to improve overall governance and are bearing substantial costs in maintaining monitoring and audit functions.
More informationTotal Cost Of Ownership As It Relates To Your Travel Payment Program. AirPlus International & GBTA October 2017
Total Cost Of Ownership As It Relates To Your Travel Payment Program AirPlus International & GBTA October 2017 Agenda 1 2 3 4 5 6 Payment Methods: Pros & Cons Corporate Cards Central Travel Accounts Fees
More informationU.S. Bank Payment Analytics. Keys to Success. A more targeted, effi cient and effective way to monitor transactions
U.S. Bank Payment Analytics Keys to Success A more targeted, effi cient and effective way to monitor transactions Overview Commercial cards are fast becoming the payment tool of choice for all types of
More informationCOMBATING BRIBERY & CORRUPTION THROUGH INFORMATION INTELLIGENCE
COMBATING BRIBERY & CORRUPTION THROUGH INFORMATION INTELLIGENCE SETTING THE CONTEXT Anti-bribery and corruption continues to be a high priority Sustained enforcement and increasing regulator expectations,
More informationIIA Springfield IL Chapter
Adding Value with Data Analytics IIA Springfield IL Chapter October 14, 2010 0 Jan Beckmann, CPA, ACL Certified Trainer, ACDA jbeckmann@bswllc.com 314.983.1254 1050 N. Lindbergh Blvd. St. Louis, Missouri
More informationItem # 6.1 ISC: UNRESTRICTED AC Attachment. Corporate Credit Card (Data Analytics) Audit
Corporate Credit Card (Data Analytics) Audit January 16, 2018 THIS PAGE LEFT INTENTIONALLY BLANK Table of Contents Executive Summary... 5 1.0 Background... 6 2.0 Audit Objectives, Scope and Approach...
More informationGeneral Government and Gainesville Regional Utilities Vendor Master File Audit
FINAL AUDIT REPORT A Report to the City Commission General Government and Gainesville Regional Utilities Vendor Master File Audit Mayor Lauren Poe Mayor Pro-Tem Adrian Hayes-Santos Commission Members David
More informationSEGREGATION OF DUTIES for SAP
SEGREGATION OF DUTIES for SAP SEGREGATION-OF-DUTIES In todays modern, technology driven world, segregation-of-duties (SoD) is enforced through business applications and ERP s, but highlighting breakdowns
More informationBy David Gnanadass Ag Chief Internal Auditor, Malaysia Airlines
FRAUD PREVENTION OR CONTROL TECHNIQUES By David Gnanadass Ag Chief Internal Auditor, Malaysia Airlines Agenda Promoting integrity culture in an organization setting the right tone from the top Sharing
More informationFRAUD POLICY. Lesley Carnegie, Governance & Assurance Manager. Blackwood Managers will be made aware of updated policy by .
FRAUD POLICY Version Number Issue 4.0 Date Revision Complete Policy Owner Author Reason for Revision Data Protection Equalities Impact Assessment Is it required? Yes/No Proof Read 2 nd March 2018 Head
More informationInternal Audit Report Accounts Payable September 2017
Internal Audit Report 17-03 September 2017 City of Sioux Falls Internal Audit Department Carnegie Town Hall 235 W. 10 th Street Sioux Falls, SD 57117-7402 www.siouxfalls.org/council/internal-audit September
More informationSecure Your ERP Environment with Automated Controls Naomi Iseri,Sr. GRC Solution Consultant
Secure Your ERP Environment with Automated Controls Naomi Iseri,Sr. GRC Solution Consultant Agenda Introductions & Objectives Why Automate Controls What types of Automation Controls Do I Need When to Implement
More information2/20/2014. Agenda. Allen Still & Ryan Merryman March 31, CLAconnect.com CliftonLarsonAllen LLP Continuous Auditing Programs
Continuous Auditing Programs Allen Still & Ryan Merryman March 31, 2014 CLAconnect.com Agenda Presentation Objectives Defining Continuous Auditing Programs The Benefits of Continuous Auditing Demonstration
More informationContinuous Controls Monitoring for Transactions: The Next Frontier for GRC Automation
Research Publication Date: 15 January 2009 ID Number: G00164382 Continuous Controls Monitoring for Transactions: The Next Frontier for GRC Automation French Caldwell, Paul E. Proctor Continuous controls
More informationSuccessful Implementation of Continuous Controls Monitoring
Successful Implementation of Continuous Controls Monitoring Mady Cheng, CIA, CISA, CPA, MSBA Franco Lopez, CIA, CISA, CPA, MBA Office of Audits & Advisory Services County of San Diego May 6, 2014 Continuous
More informationManaging 4-H Club and Learning Community Funds Frequently Asked Questions
Managing 4-H Club and Learning Community Funds Frequently Asked Questions A. Purpose and Benefits 1. With 4-H club accounts managed within the extension operating fund, how does that improve public perception?
More informationManaging 4-H Club and Learning Community Funds Frequently Asked Questions
Managing 4-H Club and Learning Community Funds Frequently Asked Questions A. Purpose and Benefits 1. With 4-H club accounts managed within the extension operating fund, how does that improve public perception?
More informationAudit Policies & Procedures
Audit Policies & Procedures Presented by: Ron Moser, CPP Member of the American Payroll Association Speakers Bureau Payroll/Employee Benefits Consultant for Taxing Matters Why audit? Assure compliance
More informationAgenda. P-Card Misuse and Fraud 9/18/2017
P-Card Misuse and Fraud Presenter Victor Griego, CPA Internal Auditor 3 University of New Mexico Agenda What is a P Card? Advantages of P Cards Risks of P Cards Internal Controls for P Cards Red Flags
More informationANNUAL STUDENT ACTIVITY WORKSHOP FY JULY 28, 2017
ANNUAL STUDENT ACTIVITY WORKSHOP FY 2017-2018 JULY 28, 2017 STUDENT ACTIVITY WORKSHOP FY 2017-2018 WELCOME & INTRODUCTION Sherri Mathews-Hazel, CPA Chief Financial Officer FINANCIAL SERVICES STUDENT ACTIVITY
More informationWelcome to the 404 Institute Webcast
Welcome to the 404 Institute Webcast Leveraging data analytics and continuous auditing processes for improved audit planning, effectiveness, and efficiency Thursday, October 25, 2012 2:00 p.m. 3:00 p.m.
More informationACL ESSENTIALS. Get insight into your ERP process health, compliance & financial exposure SEGEREGATION OF DUTIES
ACL ESSENTIALS Get insight into your ERP process health, compliance & financial exposure SEGEREGATION OF DUTIES Page Analytic Name User creates a vendor and an invoice for this vendor SD Analytic 01 User
More informationInternal Audit Report - Purchasing Card Cycle Audit Department of Environmental Services: Water Pollution Control Plant Bureau
Internal Audit Report - Purchasing Card Cycle Audit Department of Environmental Services: Water Pollution Control Plant Bureau Report Date: May 25, 2017 Department of Environmental Services: Water Pollution
More informationDealer Tire partners with U.S. Bank and Chrome River to give its outdated paper expense reporting process the boot
Dealer Tire partners with U.S. Bank and Chrome River to give its outdated paper expense reporting process the boot At last we have a streamlined process that works for all of us, from end-users to approvers
More informationDCS Purchasing Controls
DCS Purchasing Controls Controls strengthened in response to theft December 2018 Multnomah County Auditor s Office Steve March, Multnomah County Auditor Office of Multnomah County Auditor Steve March County
More informationAgenda. Manage the Risk of Inefficiency and Occupational Fraud in Day-to-Day Business Processes
Manage the Risk of Inefficiency and Occupational Fraud in Day-to-Day Business Processes July 12, 2011 2:00 3:00pm ET Stephanie Maziol, Product Marketing Director, GRC Applications, Oracle 1 Agenda Welcome
More informationReliable Financial Reporting. Evaluating Deficiencies in Internal Control Over Financial Reporting
Reliable Financial Reporting Evaluating Deficiencies in Internal Control Over Financial Reporting Steve Glover May 2017 The right to use this material without explicit written permission is hereby granted
More informationCHAPTER 6 GOVERNMENT ACCOUNTABILITY
Kern County Administrative Policy and Procedures Manual CHAPTER 6 GOVERNMENT ACCOUNTABILITY Section Page 601. General Statement... 1 602. Definitions... 1 603. Fraud, Waste, and Abuse... 1 604. Fraud Protocol...
More informationWhether you take in a lot of money. or you collect pennies
Whether you take in a lot of money or you collect pennies ..it is important to maintain good cash handling procedures: Segregation of Duties Security Reconciliation Management Review Documentation It s
More informationAGENDA USING CONTINUOUS CONTROLS MONITORING TO MAXIMIZE P2P CONTROLS & RISK PREVENTION. Welcome! 60-second FISCAL Overview. Change in Purchase-to-Pay
USING CONTINUOUS CONTROLS MONITORING TO MAXIMIZE P2P CONTROLS & RISK PREVENTION Welcome! Mike LaDuke AGENDA 60-second FISCAL Overview Change in Purchase-to-Pay Escalation of Fraud Incidences What is Continuous
More informationACL ESSENTIALS. Get insight into your ERP process health, compliance & financial exposure ACCOUNTS PAYABLE
ACL ESSENTIALS Get insight into your ERP process health, compliance & financial exposure ACCOUNTS PAYABLE Page Analytic Name Duplicate payments AP Analytic 01 Duplicate invoices AP Analytic 02 Duplicate
More informationWHITE PAPER. 10 Expense Management Best Practices
WHITE PAPER 10 Expense Management Best Practices Overview When it comes to company finances, executives take special care to educate themselves on best practices. Finances are key to ROI in a company,
More informationInternal Audit Report
Internal Audit Report Key Financial Controls Accounts Payable and Accounts Receivable December 2017 To: Deputy Chief Executive Director of Finance Head of Finance Finance Manager Copied to: Operations
More informationACL ESSENTIALS. Get insight into your ERP process health, compliance & financial exposure PURCHASE ORDER MANAGEMENT
ACL ESSENTIALS Get insight into your ERP process health, compliance & financial exposure PURCHASE ORDER MANAGEMENT Page Analytic Name Split purchase orders PO Analytic 01 Duplicate purchase orders PO Analytic
More informationSTATE OF MINNESOTA OFFICE OF THE STATE AUDITOR
REBECCA OTTO STATE AUDITOR STATE OF MINNESOTA OFFICE OF THE STATE AUDITOR SUITE 500 525 PARK STREET SAINT PAUL, MN 55103-2139 (651) 296-2551 (Voice) (651) 296-4755 (Fax) state.auditor@osa.state.mn.us (E-mail)
More information38 Years of Excellent Client Service New COSO Model and How Internal Controls Help to Reduce Opportunity for Fraud
38 Years of Excellent Client Service New COSO Model and How Internal Controls Help to Reduce Opportunity for Fraud Presented By William Blend, CPA, CFE Session Overview Review the new COSO model on internal
More informationINDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED-UPON PROCEDURES BACKGROUND
INDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED-UPON PROCEDURES Board of County Commissioners and Department Heads Ramsey County BACKGROUND In October 1996, a newspaper article reported that the now
More informationUsing Artificial Intelligence to Automate Expense Report Audit, Fraud Detection, and Risk Compliance
Using Artificial Intelligence to Automate Expense Report Audit, Fraud Detection, and Risk Compliance August 2016 Artificial Intelligence for Business Manual expense audit leaves companies vulnerable to
More informationRFP The Travel Experience Questions and Answers
Questions and Answers 1. Functionality Travel Expense Capabilities/Features Please reconfirm that this section is to be completed by Expense bidders only. A. Yes, this section is for travel expense bidders
More informationTravel and Expense System Manual
System Manual 1 Contents Overview... 4 Terminology... 4 The Travel Process... 6 Preparing to Create a Travel Authorization... 6 Assigning a Proxy... 7 Create a Travel Authorization... 8 Errors... 14 Using
More informationPrince William County, Virginia
Prince William County, Virginia Internal Audit of Procurement Card Management Fiscal Year 2014/2015 Prepared By: Internal Auditors June 29, 2015 Table of Contents Transmittal Letter... 1 Executive Summary...
More informationJD Edwards EnterpriseOne Financial Management Overview
JD Edwards EnterpriseOne Financial Overview Karen L. Brown Senior Principal Product Manager Program Agenda 1 JD Edwards EnterpriseOne Overview 2 3 EnterpriseOne Financial Overview
More informationFRAUD AWARENESS UPDATE
Tammy Michaud, CPA, Principal Sarah Belliveau, CPA, Senior Manager FRAUD AWARENESS UPDATE berrydunn.com CATEGORIES OF FRAUD Asset misappropriations (stealing) Theft or misuse of assets Corruption Inappropriate
More informationSpeaker: Steve Dawson 7/13/2017
Speaker: Steve Dawson 7/13/2017 THE CONSTRUCTION PROCESS OF FRAUD PREVENTION: The Absolutes of the Organization s Anti-Fraud Program Presented for the 2017 TACA On the Road Area Training Presented by STEVE
More informationChrome River Travel & Expense Frequently Asked Questions
Chrome River Travel & Expense Frequently Asked Questions To search for a word, simply click Ctrl + F and enter the word. Any questions/answers that contain that word will be highlighted. Travel Questions
More informationAudit Report. An Audit of the Expenditures of the Salt Lake County Council. Our Mission: Our Mission: To foster informed decision making,
An Audit of the Expenditures of the Salt Lake County Council Audit Report Salt Lake County Government Building OFFICE OF THE Salt Lake County Auditor SCOTT TINGLEY, CIA, CGAP Audit Services Division slco.org/auditor/audit-reports/
More informationSeattle Public Schools The Office of Internal Audit
Seattle Public Schools The Office of Internal Audit Internal Audit Report September 1, 2014 through Current Issue Date: June 21, 2016 Executive Summary Background Information The function is centralized
More information2014 Claims IA Vendor Spend Audit Opinion: Satisfactory
2014 Claims IA Vendor Spend Audit Opinion: Satisfactory Date: April 1, 2015 Table of Contents: Executive Summary Background 1 Audit Objectives and Scope 2 Audit Procedures 2 Individual Section Ratings
More informationContracting Internal Controls and Risks. Contract Auditing v Contract Monitoring
Contracting Internal Controls and Risks Contract Auditing v Contract Monitoring We will cover the following: Overview of the internal audit function Importance of internal controls Stakeholders in the
More informationSelected Employee Travel Expenses. State University of New York at Albany
New York State Office of the State Comptroller Thomas P. DiNapoli Division of State Government Accountability Selected Employee Travel Expenses State University of New York at Albany Report 2012-S-74 May
More informationMicroCred Internal Control Basics. Assessing the internal control structure 9/29/2014. Goals of the internal control structure
MicroCred Internal Control Basics Howard Brady, Facilitator hbrady@mfiresources.org 1 Assessing the internal control structure 2 Goals of the internal control structure To provide reliable data To safeguard
More informationAPP2P SPRING CONFERENCE & EXPO
APP2P SPRING CONFERENCE & EXPO Accounts Payable Done Right: Supplier Engagement & Payments Optimization Ernie Humphrey, CTP CEO & COO LEARNING OBJECTIVES Identify and remove inherent barriers to accounts
More informationManaging 4-H Club and Learning Community Funds Frequently Asked Questions
Managing 4-H Club and Learning Community Funds Frequently Asked Questions A. Purpose and Benefits 1. With 4-H club accounts managed within the extension operating fund, how does that improve public perception?
More informationWhy Businesses Love Payables Lockbox
Why Businesses Love Payables Lockbox (And Yours Should, Too!) A whitepaper examining how businesses can streamline accounts payable processing, reduce payment processing time, and lower accounts payable
More informationInternal Oversight Division Audit Approach for Continuous Auditing
Internal Oversight Division Audit Approach for Continuous Auditing July 24, 2014 TABLE OF CONTENTS 1. INTRODUCTION... 3 2. OBJECTIVES... 3 3. AUDIT APPROACH... 4 4. IOD IDENTIFICATION OF KEY CONTROLS AND
More informationRisk & Continuous Controls Monitoring: How to implement issue remediation workflows the business will love
Risk & Continuous Controls Monitoring: How to implement issue remediation workflows the business will love Jason A. Gross, CPA, CIA, CFE, CISA, ACDA Vice President, Controls Management, Siemens Financial
More informationPrince William County Public Schools Annual Audit Plan
Prince William County Public Schools 2011 Annual Audit Plan Office of Internal Audit Vivian Calkins-McGettigan, MBA, CPA, CPFO Chief Internal Auditor Table of Contents Foreword 3 Introduction to the Office
More informationCutting Edge Solutions For Managing GMET Risk
Cutting Edge Solutions For Managing GMET Risk 1 MICHAEL VOLKOV THE VOLKOV LAW GROUP LLC MVOLKOV@VOLKOVLAW.COM (240) 505-1992 Business Courtesies Generally 2 There are many different reasons Business Courtesies
More informationTravel & Expense Management Simplified
Travel & Expense Management Simplified How travel & expenses can be entered, submitted, approved, audited and tracked for better compliance, higher productivity, improved budget control and happier employees
More informationContract Risk and Compliance & Warranty Fraud. David Maberry Chief Risk Officer American Fidelity Assurance Company
Contract Risk and Compliance & Warranty Fraud David Maberry Chief Risk Officer American Fidelity Assurance Company Who am I and Why Am I Here? David Maberry is the Chief Risk Officer for American Fidelity
More informationExpense Report Module v4.11.1
1 Expense Report Module v4.11.1 Page 1 2 Expense Report Module v4.11.1 Contents Frequently Asked Questions... 4 Q: We have a user who sent in their expense report, but their manager is out on vacation.
More informationDistrict Responses to the Internal Audit February 7, 2018
CITY SCHOOL DISTRICT of ALBANY Office of Business Affairs 1 Academy Park Albany, New York 12207 (518) 475-6020 Fax: (518) 475-6024 BOARD of EDUCATION Sue Adler, President Anne Savage, Vice President Vickie
More informationWage and Hour Issues in the Workplace: Understanding the Fair Labor Standards Act (FLSA) April 3, 2019
Wage and Hour Issues in the Workplace: Understanding the Fair Labor Standards Act (FLSA) April 3, 2019 Jen Rick, Human Resources Colleen Treml, Office of Legal Affairs Objectives Understand legal provisions
More informationInternal Audit Report Purchasing Card Cycle Audit Department of Libraries. Report Date: May 25, 2017
Internal Audit Report Purchasing Card Cycle Audit TABLE OF CONTENTS Transmittal Letter... 1 Executive Summary Background... 2 Objective and Scope... 2 Overall Summary / Highlights... 2 Observations...
More informationCONTINUOUS AUDITING - UPDATE. Travis S. Moser, CISA
CONTINUOUS AUDITING - UPDATE Travis S. Moser, CISA CONTINUOUS ASSURANCE FRAMEWORK Third Line of Defense: IA provides independent assurance Second Line of Defense: Functions oversee risks First Line of
More informationKeep Procure-to-Pay (P2P) Fraud at Bay with Fraud Detection Tools & Techniques
Keep Procure-to-Pay (P2P) Fraud at Bay with Fraud Detection Tools & Techniques Chris Doxey, CAPP, CCSA, CICA, CPC President, Doxey, Inc. chris@chrisdoxey.com 571-267-9107 2 May 7-9, 2017 Chris Doxey, CAPP,
More information5/14/2018. Billing and Revenue Integrity How Do We Effectively Audit or Monitor? Today s Agenda. What We Hear as the Revenue Integrity Program Goal
Billing and How Do We Effectively Audit or Monitor? Lori Laubach, CHC Partner Health Care Consulting Today s Agenda Definition of revenue integrity How is the Government looking at revenue integrity? Revenue
More information