amanda l. perkins, cpa senior auditor university of arizona
TRANSCRIPT
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Steal These Tips!Audit Techniques for
AccountantsAmanda L. Perkins, CPA
Senior AuditorUniversity of Arizona
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Senior Auditor in Internal Audit at the University of Arizona
Previously with the Arizona Office of the Auditor General
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Recent Frauds◦ Fire District◦ High School◦ Children’s Hospital
What could have been done?
Audit Techniques◦ Evaluating
Procedures◦ Using Data◦ Seeking Outside
Sources
Agenda
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Understand 3 audit techniques and how they could be applied to non-audit duties.
Identify controls that may have prevented or detected 3 real frauds.
Goals of the session
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Springfield, IllinoisRecent fraud hub?
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Chatham Fire Protection District
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Southeast High School
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St. John’s Children’s Hospital
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Audit Techniques
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Explain to an outsider◦ Use real words◦ Training new employees
What happens before and after my piece of this process?
If I were going to steal……
Evaluating Procedures
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Is there someone we couldn’t do without? Am I getting source documents or only data
prepared by someone else based on source documents?
Might identify a more efficient way to do something or a stronger control that could be implemented
Evaluating Procedures
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What data is available in what you already do?
How accessible is your data? Maybe you get a report on paper that could
come as a text or Excel file instead.
Using Data
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The simple “Sort” tool in Excel Microsoft Access Improving your Excel and Access skills:
◦ Employer offerings◦ YouTube and online forums
Using Data
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What do I expect of this data and what is unexpected?
Common vendors Coding errors in repeat payments Overtime variances Unusual system access profiles
Using Data
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Is there data I wish I had? May identify another way to improve your
procedures.
Using Data
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Oh, the magic of the Internet Vendors
◦ Arizona Corporation Commission◦ 990 filings from non-profits◦ Company websites◦ Maps of addresses
Peer websites◦ Is our policy similar to another organizations?◦ Compliance with state or federal regulations◦ Human resources procedures
Outside Sources
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Could you have prevented or detected the fraud?
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Chatham Fire Protection District
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Source documents vs. employee-prepared reports
Using Data◦ Common vendors◦ Object codes or other unexpected transactions
Evaluating procedures- may have relied too much on one person
Chatham Fire District
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Southeast High School
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Source documents Evaluating procedures
◦ Relying too much on one person◦ Student clubs not aware of good controls on their
side Peer websites
◦ Were the existing background checks enough?
Southeast High School
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St. John’s Children’s Hospital
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No court records yet But we can guess what might have
happened
St. John’s Children’s Hospital
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Questions?