Continuous Monitoring Auditing Stakeholders 2006 Oversight Systems 1

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Continuous Monitoring & Auditing Stakeholders © 2006 Oversight Systems 1

Continuous Monitoring & Auditing Stakeholders © 2006 Oversight Systems 1

CM/CA Objectives Performance – Plan vs. Actual – Operational Indicators Risks – Operational –

CM/CA Objectives Performance – Plan vs. Actual – Operational Indicators Risks – Operational – Financial Exposure PI Targets – Process – People Compliance – SOX – Fraud © 2006 Oversight Systems 2

CM/CA Results Delivery Executive Management – Dashboard – Reporting Audit – Dashboard – Oversight

CM/CA Results Delivery Executive Management – Dashboard – Reporting Audit – Dashboard – Oversight Workbench – Exception Remediation/CA Line Managers – – Dashboard Oversight Workbench Reports Subscribe & Notify Internal Customers – Dashboard – Reporting Process Improvement – Dashboard – Workbench – Reporting Compliance © 2006 Oversight Systems – Dashboard 3

Organize and Store Data in a Business View Source System Data Model(s) Business Entity

Organize and Store Data in a Business View Source System Data Model(s) Business Entity Model Common Data Model © 2006 Oversight Systems 4

Ontology Decomposes Business Processes Financial Accounting and Reporting • • • Journal Entry Invalid

Ontology Decomposes Business Processes Financial Accounting and Reporting • • • Journal Entry Invalid Journal Entry Unsupported Journal Entry Empty Journal Entry Unbalanced Journal Entry Over Limit Duplicate Journal Entry • • Chart of Accounts Account Invalid Chart of Accounts Contra Account Chart of Accounts Account Duplicate Chart of Accounts Changeback • Calendar Reopened and Closed • Journal Entry So. D • Journal Entry Override • Chart of Accounts Override © 2006 Oversight Systems 5

Management Dashboard Views © 2006 Oversight Systems 6

Management Dashboard Views © 2006 Oversight Systems 6

Continuous Auditing and Continuous Control Monitoring Case studiesContinuous Auditing and Continuous Control Monitoring Case studies
Continuous Controls Monitoring and Continuous Auditing an integratedContinuous Controls Monitoring and Continuous Auditing an integrated
Present Continuous Past Continuous Future Continuous Present ContinuousPresent Continuous Past Continuous Future Continuous Present Continuous
AUDITING 10 1 Auditing AAAs Definition Auditing isAUDITING 10 1 Auditing AAAs Definition Auditing is
ETHICS IN AUDITING AUDITING FUNCTION Ethics in AuditingETHICS IN AUDITING AUDITING FUNCTION Ethics in Auditing