（2009）Continuous Auditing：Paradigm Shift or Pipe Dream？.pdfVIP

Welcome to Continuous Auditing: Paradigm Shift or Pipe Dream? All phone lines muted. Use online “Chat” or “Question” feature. Today’s Presenters Jeff Malloch Senior Manager of Accretive Solutions Internal Audit Expert Consultant with 15 years directing and supporting IA organizations in mortgage, financial and real estate industries, e.g. People’s Choice; AmeriQuest; Jefferson Wells, KPMG; BA/MBA – Finance Dipak Shah Founder/CEO of Reliant Solutions 24-year IT Veteran, Entrepreneur, Investment Banker, Sales Exec, Chip Designer; formerly with Morgan Keegan, LSI Logic, CDC; BS/MS - EE, MBA - Finance Michael Ketchmere Technical Director of Reliant Solutions 10 years of enterprise software consulting and leadership 4 years of management consulting for EY and PW BS/MS – Computer Science, MBA - Strategy Operations Agenda • Defining “Continuous Auditing” • Challenges that prohibit true Continuous Auditing • Reliant’s approach to enable Continuous Auditing and Risk Management • Demo of ReliantAuditor™ • QA session What is Continuous Auditing (CA) A Common Definition of CA: Methodology used to perform control and risk assessments automatically on a more frequent basis (e.g. quarterly). According to a 2007 IA survey by PwC: “43% of respondents reported using some form of „continuous‟ auditing or monitoring in their audit operations.” A Better Definition of CA : Methodology used to perform control and risk assessments automatically at any time or frequency. CA changes the audit parad