AUDIT ANALYTICS AUDIT

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ESSAY 2: THE CURRENT STATE OF CONTINUOUS AUDITING AND CONTINUOUS MONITORING SAP Key Performance Indicator Initially, utilizing the SAP environment, the SAP key performance indicator (KPI) solution has been deployed to capture and communicate pertinent KPI measures as needed. This information is then made immediately available to the internal audit staff via Web download and retained in the DSAS/IA Oracle database for future access and usage. This clearly provides for the dissemination of critical data analytics to users such that they are readily positioned to promptly respond to changing business conditions and circumstances. DSAS/Audit Command Language SAS/Audit Command Language (ACL) is used for extracting relevant transactional data and files from the DSAS/IA database, as well as accumulating facts from other points such as unstructured data from external feeds. In addition, when an instance of data extraction occurs, the material is presented through a website. From this location, the information is able to be transferred to and accessed by authorized internal audit staff, external audit personnel, and business unit management to assist with oversight or operational activities. Furthermore, the data provided to external audit is prevalidated by the internal audit staff and, therefore, may be readily relied upon. This is an extremely important feature that builds trust in the data and facilitates audit effectiveness and efficiency. DSAS Database The DSAS Database Table Content Query Screen enhances query development and processing via a user-friendly point-and-click atmosphere containing convenient drop-down lists, selection windows, selection bubbles, and so forth. In addition, query information is presented in the Standard XML Excel Spreadsheet for Reports environment from which the material may be exported to, analyzed, and evidenced in the Microsoft Excel Spreadsheet context according to an audit data standard. Furthermore, this query building mechanism is often used in providing information to external auditors. These auditors are then able to perform an array of relevant operations with the information, such as benchmarking activities. Overall, the aforementioned functionality greatly simplifies query generation and empowers users to better harness the capabilities that query building offers (figures 2-1 and 2-2). 61
AUDIT ANALYTICS AND CONTINUOUS AUDIT:LOOKING TOWARD THE FUTURE Figure 2-1 The Decision Support and Analysis Service (DSAS) Database Table Content Query window assists users in the query development process with various prompts, selection options, and drop-down lists. In addition, it allows for providing information in accordance with audit data standards to external auditors. Figure 2-2 According to audit data standards, the following is a query result set as a function of values and options chosen in the Decision Support and Analysis Service (DSAS) Database Table Content Query Window. 62
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AUDIT ANALYTICS and CONTINUOUS AUDI
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Notice to Readers Audit Analytics a
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TABLE OF CONTENTS Preface Acknowled
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CONTENTS 3 Evolution of Auditing: F
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CONTENTS B Page Implementing Contin
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AUDIT ANALYTICS AND CONTINUOUS AUDI
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AUTHOR BIOGRAPHIES Abdullah Alawadh
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AUTHOR BIOGRAPHIES He is a passiona
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AUTHOR BIOGRAPHIES AICPA Assurance
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AUTHOR BIOGRAPHIES management. Prio
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AUTHOR BIOGRAPHIES Trevor R. Stewar
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PART I Essays 1
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PART II Case Studies 145
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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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CASE STUDY D: IMPLEMENTING CONTINUO
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AICPA Assurance Services Executive
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AUDIT ANALYTICS AUDIT

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