This course help understand how to find out fraudulent or erroneous transactions. It will assist the auditor to understand newer techniques and tools that can help locate more meaningful sample sets.
Why Should You Attend:
This course will guide those skilled in Internal Audits to utilize TopCAATS and its related tools, (i.e. Benford’s testing as a complement to other audit techniques).
TopCAATs is a Computer Aided Audit Tools (CAATs) software package, containing over 100 tools and techniques to help auditors and other finance professionals quickly and easily analyze data, and to focus their attention on risky areas or transactions.
TopCAATs contains a wide range of tools including: Benford’s testing, monetary unit sampling, gap detection and many others. TopCAATS has 7 “Section Modules” allowing the user to quickly perform a range of tests on Trade Payables, Trade Receivables, Non Current Assets, Inventory and Journal postings.
Unlike the majority of other CAATs software (which are often stand alone programs with a steep learning curve), TopCAATs is based entirely within Microsoft Excel – a program already used by every auditor and finance professional across the globe!
The familiar user interface, simple forms and color coding system ensure that required training is minimal, and you can start to reap the benefits within minutes of installing TopCAATs.
Using the same techniques employed by the FBI and the CIA, Benford’s testing is a method based upon Benford’s Law – which allows the user to quickly root out fraud and erroneous transactions.
Accreditation - NASBA
CPE Credits - 1 CPE credit
Program level – Intermediate
Program prerequisites – Education
Advance preparation – NONE
Instructional Method: Group – Live
Areas Covered in the Seminar:
- Introduction (why TopCAATs).
- TopCAATS and its tools.
- Benford’s Testing (Benford’s Law).
- 1st Digit Testing (Benford’s Law).
- 2nd Digit Testing (Benford’s Law).
- Results and Analysis.
- Outliers.
- Duplicate Data.
- Exception Reports.
- Questions & Answers.
Who Will Benefit:
The following individuals or disciplines will benefit from attending this Webinar:
- Internal Auditors
- External Auditors
- Financial Managers
- CFO,s
- CEO’s
- Accounting Department Personnel
- SOX Consultants
- Risk Management/ Advisory
Instructor Profile:
Sonia Luna, CPA, CIA is the founder of SOX Solutions, the only boutique consulting firm specializing in sox effort, headquartered in Southern California. Ms. Luna offers over 12 years of internal and external audit experience and having completed over 30 SOX engagements she is one of the leading authoritative authors for courses offered by Compliance Online and other continue education organizations.
