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The University of Rochester posted a listing 5 years ago on their top 10 audit findings.In light of the impact of technology on auditing, I was wondering if things have changed in 5 years and whether anything new could be added? Here is their list (with the exception of number 6 I think that most are generic): 1. Inadequate Segregation of Duties 2. Inadequate, or untimely, review of monthly ledger reports 3. Inappropriate Access - Lack of Security 4. Inadequate Authorization of Expenditures 5. Lack of Appropriate Authorization of Time Records 6. Inadequate Authorization and Processing of Student Time Records 7. Inadequate Knowledge of Policies and Procedures 8. Lack of Control Over Capital Equipment 9. Untimely Deposit of Receipts 10. Personal Telephone Toll Calls I will post the results to the list. JMK Audit Leverage is a department management software package that integrates and automates the entire audit process. This comprehensive package includes risk assessment, audit planning, budgeting, staffing, scheduling, timekeeping, automated work papers, audit findings & recommendations, reporting and audit follow-up. Audit Leverage allows auditors in the field to work off-line and dial in to synchronize their work with the Audit Leverage database on the network, enabling managers to review the work papers instantly without being at the job site. Demo available at www.auditleverage.com If your organization would like to sponsor this discussion list send an e-mail to [EMAIL PROTECTED] for information. To unsubscribe to the Audit-l list send an e-mail to [EMAIL PROTECTED] Leave the subject line blank and include the following message in the body: Unsubscribe audit-l (yourname) Thanks, Jim Kaplan List Manager
