I swear that prosystems which a lot of the smaller regional firms use is way better. Lanza, cfe, cgma assists clients daily in the use of analytic software nearly 25 years of acl and excel software usage has written and spoken on the use of audit data analytics for over two decades. Prior to joining grant thornton, rich managed his own firm for over 12 years, working directly with internal audit. Learn to effectively script in acl the keys to getting. Featurerich network analysis software openaudit opmantek. The next question youll need to answer when conducting a software audit is what software licenses does my organization own. The decision to use audit software clearly requires a significant mindset shift by cpas who have performed audits manually all their professional careers. These software applications perform tests for duplicates and other issues. Featurerich network analysis software it auditing and inventory management automation openaudit professional delivers a sleek, flexible and easy to use platform for device discovery, straight out of the. He has a decade and a half of experience in audit technology and recovery auditing, becoming a leading authority in these areas. Nextgeneration internal audit software application. Turning your accounts payable department into a profit center shows how to identify a companys hidden financial assets it provides tools to assist organizations generate cash recoveries, stop profit leaks, move away from control issues, and work towards process improvements. But fraud investigation software has become easy to use.
Open source audit management software is growing in popularity among businesses in various industries. Turning your accounts payable department into a profit center shows how to identify a companys hidden financial assets it provides tools to assist organizations generate cash recoveries. Rich lanza cpacitp, cfe, pmp, president of audit software professionals, has a decade and a half of experience in the audit and assurance technology field and. Audit software provides organizations with the tools to carry out all types of audit internal, external, operational, it, supplier, and quality, from audit planning and scheduling, to field data collection, to the. With nearly two decades of experience in audit technology and recovery auditing, he has become a leading authority in these areas. Rich lanza, cfe, cpacitp, pmp, president of audit software professionals, has more than a decade of experience in the audit and assurance technology field. Explain how to use excel as audit software in your vendor masterfile speakers. I actually gained a new appreciation for the audit software i grew up on about 30 seconds after opening gamx for the first time. Lanza, vendor scoring identifying the best vendors to audit for fraud recovery part 1 of 2 july 2014.
Top 10 internal audit software 2020 cloudsmallbusinessservice. Onspring promotes efficiency, transparency and control across your internal audit and assurance process. In my travels, i am constantly talking to fraud examiners, audit professionals, and other finance professionals who want to use more data analysis to detect fraud. Audit software helps organizations plan for, address and mitigate risks that could compromise the safety andor quality of the goods or services they provide. However, they complain that the software is too difficult to learn.
Rich lanza cpa, pmp is a manager of internal audit at toys r us where he focuses mainly on using audit software to improve business intelligence, increase. Some types of software audits involve looking at software for licensing compliance. When using internal audit software, companies can set internal controls that limit the ability of users to access or change information. Dec, 2017 visualize audit sampling and fraud detection in excel page 0 about jim kaplan, cia, cfe president and founder of auditnet, the global resource for auditors now available on ios, android and windows devices auditor, web site guru, internet for auditors pioneer recipient of the iias 2007 bradford cadmus memorial award. Activedata for excel offers a featurerich product at a fraction of the price of competitive databasedriven data analytics and computer assisted audit tools caats.
Learn to effectively script in acl the keys to getting started and fully automating your. Audit news articles learnings from a retrospective in. In lanza software we keep up to date with the evolution of technology, in order to complement our technological experience to offer our customers the service they deserve and help them become high. Lanza cpacitp, cfe, pmp is president of audit software professionals, a leading authority on audit software, and a prolific author with numerous articles and books including the buyers guide to audit, antifraud, and assurance software, the payables test sets for acl and idea, and fraud detection and cash recovery using activedata. A toolkit for todays auditor which he wrote over 20 years ago, proactively detecting fraud using. Feature rich network analysis software it auditing and inventory management automation open audit professional delivers a sleek, flexible and easy to use platform for device discovery, straight out of the box. National partner brian wolohan, audit quality and innovation, and national partner jim burton, audit methodology, discuss how auditors gain insights through enlightened data analytics to better understand all types of information, from viewing a fact pattern, to seeing unique and notable items, to visualizing and comprehending revenue patterns. Getting data into activedata for excel informationactive. He currently is a director of data analytics with grant thornton, llp, where he is weaving analytics into their audit and advisory practices. Attendees will walk away with new methods of auditing techniques using exception reporting, report scoring, audit result graphing, geomapping, and calculating digital analytics. Guide to audit, antifraud, and assurance software, by richard lanza, cfe, cpa, cmp, with mort goldman and dean m. These written materials include 101 acl software applications.
Rich is a managing director in the innovation team at grant thornton, llp where he weaves analytics and automation into the firm to improve the effectiveness and efficiency of the firms service line offerings. Mar 09, 2017 morning session will feature rich lanza who will conduct a data analytics workshop using excel as audit software. That software was acl desktop dos edition and in my workings with the. Rich lanza cpacitp, cfe, pmp is president of cash recovery partners, llc, an organization that helps companies. Detecting errors and fraud using audit software and audit data analytics. Activedata for excel offers a feature rich product at a fraction of the price of competitive databasedriven data analytics and computer assisted audit tools caats.
Lanza, cpa, is a vicepresident of audit technology at. Auditors will want to visit this web site, created by toys r us manager of internal audit rich lanza, to find articles such as what you dont know about sarbanesoxley as well as links to related web sites. Skills acquired using activedata are directly transferrable to other data analysis software packages and computerassisted audit tools caats like acl and idea. Auditors will want to visit this web site, created by toys r us manager of internal audit rich lanza, to find articles such as what you dont know about sarbanesoxley as well as links to related web sites including see above. He is the author of publications and training courses in audit software, and he has authored more than 75 articles for major audit and accounting publications. In my experience, as someone who teaches accountants to use audit software, the hardest step is the first one. Learn to effectively script in acl the keys to getting started and fully automating your testing auditnet and auditsoftware.
Learn to effectively script in acl the keys to getting started and fully automating your testing 1. To survive one unscathed youll need a thorough understanding of your licensing requirements. Lanzas site also offers a free newsletter on using audit software. Audit software automates the process of preparing and executing audits by helping organizations analyze data, assess risks, track issues, report results and manage paperwork. For more information on the use of audit software, and countless ways of applying audit software to your business, please see. Powerful software applications that audit through rather than around the computer can. Rich lanza managing director grant thornton llp linkedin.
Rich lanza rich lanza cpacitp, cfe, pmp, president of audit software professionals, has a decade and a half of experience in the audit and assurance technology field and has become one of its leading authorities. Rich lanza rich lanza rich is a managing director in the innovation team at grant thornton, llp where he weaves analytics and automation into the firm to improve the effectiveness. Our cloudbased audit management software helps you plan strategically, deliver tactically. To learn more about lumen audit data analytics, please click on the below button. Enterprise it organizations face software audits as a matter of doing business with large technology vendors. Please join the iia tidewater for a 2 part, full day workshop on data analytics and it audit training. A software audit is the practice of analyzing and observing a piece of software. As coauthors of the buyers guide for audit, antifraud, and assurance software, we are often asked to give a kind of consumer reports type summary of 140 vendors in areas as diverse as. With a rich set of dashboards and reports, it rolls up information across.
Grant thornton, llp lumen audit data analytics using visualizations. Rich lanza cpacitp, cfe, pmp, president of audit software professionals, has a decade and a half of experience in the audit and assurance technology field and has become one of its leading authorities. Lanza, removing false positives in duplicate payment testing, august 20. Software audits are an irritating and time consuming part of life. Six steps to completing a software audit and ensuring. How to survive a software licensing audit informationweek. Oct 23, 2019 rich lanza rich lanza rich is a managing director in the innovation team at grant thornton, llp where he weaves analytics and automation into the firm to improve the effectiveness and efficiency of the firms service line offerings. Jul 10, 2014 learn to effectively script in acl the keys to getting started and fully automating your testing 1. For businesses that adhere to government regulations and industry standards, audit management is a critical component of their compliance and risk management strategies. Morning session will feature rich lanza who will conduct a data analytics workshop using.
For many, this is the most difficult step in the software audit process. Rich lanza cfe, cgma, the data magician, has 25 years of audit and fraud detection experience with specialization in data analytics and cost recovery efforts. Lanza, cpa, cfe, pmp, is the president of cash recovery partners, llc, the author of twelve publications and, over 100 articles for major audit and accounting publications. Visualize audit sampling and fraud detection in excel. Rich is proficient and consults in the practical use of analytic software including acl, activedata for excel, arbutus analyzer, idea, teammate analytics and auditing with microsoft excel. Net collaboration brought to you by and auditnet, working together to provide practical audit software training resource links independent. Rich lanza cpa, cfe, pmp president of cash recovery partners, llc, helps companies identify their hidden financial assets, mostly using technology and referring them to specialists. Answering this question requires collecting software licensing information for the software inventoried in step one. Rich lanza rich lanza cpacitp, cfe, pmp, president of audit software professionals, has a decade and a half of experience in the audit and. The word audit is a general term for analysis, and a software audit can consist of several different kinds of.
Audit news articles learnings from a retrospective in analytic. Internal auditing software application and continuous. To test these entries, the internal auditor might have to use computerassisted audit techniques caats, such as report writers. An abacus would be a more efficient tool to use to audit than gamx. In lanza software we keep up to date with the evolution of technology, in order to complement our technological experience to offer our customers the service they deserve and help them become highperformance businesses. Rich lanza has devoted his career to the advancement of audit data analytics and cost recovery. Internal auditing software application, continuous auditing systems. Rich lanza cpa, cfe, president of audit software professionals, has a decade and a half of experience in the audit and assurance technology field and has. Rich lanza cpa, cfe, pmp, president of audit software professionals, has a decade and a half of experience in the audit and assurance technology field and has become one of its leading authorities. Yancey consults on audit sampling and litigation support. A community of professionals helping you maximize the benefits of audit software. Rich lanza cpa, pmp is a manager of internal audit at toys r us where he focuses mainly on using audit software to improve business intelligence, increase efficiencies, and identify bottomline savings.
Lanza, my best moneysaving audit finding ever, july 20. Rich lanza cpa, cfe, president of audit software professionals, has a decade and a half of experience in the audit and assurance technology field and has become one of its leading authorities. Taken from software training for audit data analytics. See the complete profile on linkedin and discover richs. Audit software automates the process of preparing and executing audits by.
Rich helps companies save millions in their respective currency each year using his technology tools. Lanza, vendor scoring identifying the best vendors to. Take my manual audit, please journal of accountancy. Six steps to completing a software audit and ensuring compliance while saving money am i compliant.
1254 1097 861 44 895 1669 1309 1508 1323 1164 131 58 516 255 7 1104 885 1538 331 938 463 1496 498 346 819 510 514 148 99 1 749 144 1416 1133 1382 998