AUDIT ANALYTICS AUDIT

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AUTHOR BIOGRAPHIES He is a passionate advocate of using technology to audit and monitor and is working with researchers from around the world to develop a continuous auditing and monitoring culture and technology for Siemens. Rod successfully defended his PhD thesis The Use of Intelligent Software to Enable Continuous Auditing. The research work included the design and development of a proof of concept ERP continuous auditing software model (using SAP) incorporating some of the latest continuous auditing research concepts. The model was co-developed with Rutgers University’s Continuous Auditing Research Laboratory (CAR Lab)—a leading continuous auditing research group. Rod has been actively involved in the design and implementation of automated auditing and monitoring solutions using a variety of software applications and worked on a centralized risk and internal control solution for Siemens. Siemens operates in diverse business sectors throughout the world in more than 175 countries. Helen L. Brown-Liburd, PhD, CPA Assistant Professor, Rutgers University Helen L. Brown-Liburd received her PhD from the University of Wisconsin-Madison and a bachelor of business administration in accounting from Baruch College. Her research focuses on issues and factors that influence auditors’ judgment and decision making related to financial reporting. She has published in Auditing: A Journal of Practice and Theory, Accounting Horizons, Journal of Business Ethics,andIssues in Accounting Education. Her teaching experience includes auditing, AIS, and financial accounting. Helen has more than 16 years of experience in such diverse areas as auditing, financial and operating reporting, and analysis and project management. She has worked for Bristol-Myers Squibb (BMS) as a manager on several company-wide teams established to evaluate and redesign major company-wide processes and she also served as an internal audit manager responsible for supervising and monitoring worldwide audits. She also worked for Pepsi Cola Company as manager of special projects where she researched, developed, and implemented accounting policies and procedures and performed financial reporting for acquisitions. She began her career in public accounting as a staff auditor for Main Hurdman (now KPMG) and later moved to Arthur Young (now EY) where she was promoted to audit manager. Nancy Bumgarner, CPA Partner, KPMG Nancy Bumgarner is an audit partner with KPMG and has served in a number of national, international, and global roles over her career. She is xvii
AUDIT ANALYTICS AND CONTINUOUS AUDIT:LOOKING TOWARD THE FUTURE currently in KPMG’s Department of Professional Practice in the audit technical group and has worked in the Houston, Sydney, Tulsa, and Oklahoma City offices and completed a rotation to KPMG’s Global Services Centre where she developed new and innovative technologies and audit methodology that facilitate effective and efficient audits in KPMG member firms around the world. While in the global role, Nancy created a new electronic audit tool that harnessed data and analytics with advanced modeling and algorithms that refine risk assessment and audit approaches. While in Australia, Nancy took a leading role assisting international teams and clients with IFRS and U.S. GAAP differences, U.S. auditing standards, financial reporting, and SEC matters. Nancy is a frequent speaker and panelist at various technical, diversity, and firm-sponsored meetings. Nancy is a member of KPMG’s Women’s Advisory Board and KPMG’s Partner Insight Committee on People. Nancy is a member of the AICPA Assurance Services Executive Committee and serves on its Continuous Assurance Working Group. Paul Byrnes, CMA PhD Student, Rutgers University Paul Byrnes has an advanced degree in accounting and four-year degrees in accounting, management, and psychology. In addition, he is a Certified Management Accountant with about 15 years of relevant work experience in both the accounting and management fields. Thomas R. Criste, CPA Retired Partner, Deloitte & Touche LLP Tom Criste recently retired as a partner with Deloitte & Touche LLP, with more than 30 years of experience in financial and IT audit, risk management, and internal controls. He served many of the firm’s largest multinational clients in a number of industries, including automotive, aerospace, consumer goods, and technology. He also served as the first chief learning officer for Deloitte & Touche LLP, the audit and assurance firm of Deloitte, where he led a successful effort to establish Deloitte University, one of the largest privately-owned learning centers in North America. Tom is currently a member of the accounting faculty at the Ross School of Business of the University of Michigan in Ann Arbor, MI, with a focus on accounting information systems and auditing. He is also on the Advisory Board of Rutgers’ Continuous Auditing and Reporting Laboratory (CAR Lab). He currently serves on an audit data analytics task force of the xviii
Page 1 and 2: AUDIT ANALYTICS and CONTINUOUS AUDI
Page 3 and 4: Notice to Readers Audit Analytics a
Page 6 and 7: TABLE OF CONTENTS Preface Acknowled
Page 8 and 9: CONTENTS 3 Evolution of Auditing: F
Page 10: CONTENTS B Page Implementing Contin
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Page 16 and 17: AUTHOR BIOGRAPHIES Abdullah Alawadh
Page 20 and 21: AUTHOR BIOGRAPHIES AICPA Assurance
Page 22 and 23: AUTHOR BIOGRAPHIES management. Prio
Page 24 and 25: AUTHOR BIOGRAPHIES Trevor R. Stewar
Page 26: PART I Essays 1
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ESSAY 4 Reimagining Auditing in a W
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ESSAY 4: REIMAGINING AUDITING IN A
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CASE STUDY B Implementing Continuou
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CASE STUDY B: IMPLEMENTING CONTINUO
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CASE STUDY D Implementing Continuou
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AICPA Assurance Services Executive
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