“When we look at an audit, the failure rate has been in a range of 35 to 40%.”
Martin Baumann, the Chief Auditor for the Public Company Accounting Oversight Board (PCAOB) in a statement to the New York State Society of CPAs on January 24, 2014.
Mr.Baumann’s comment and the related PCAOB annual report triggered a dramatic change in the way auditors, both internal and external, reviewed and relied upon information produced by the organization for decision making and control environments. Expectations have risen dramatically regarding how auditors should identify, evaluate, and ultimately rely upon information generating within the organization. Ensuring data integrity for reliance in audit, data analytics and reporting is a crucial element in auditing.
This course will help auditors navigate the new requirements regarding Information Produced by the Entity (IPE) and ensure data integrity within their organization and audits. The course provides an interactive learning approach through lecture, case studies, examples, and exercises.