In this session, we will discuss what manual journal entry testing is, as well as provide considerations as to why, when and by whom the testing should potentially be performed. At the end of this session, we will have built the business case for the development of a methodology for manual journal entry testing, and an example of what it could possibly look like within CaseWare IDEA® will be illustrated.
One hour (1 CPE)
1:00 PM - 2:00 PM Central
Matt Storlie, CFE, CIDA
Manager, Forensics & Litigation Services
With 25 years of experience in business and accounting, fraud examinations, data analysis, internal audit, and IT systems, Matt Storlie assists clients with forensic services, internal investigations, computer forensics, e-discovery and litigation readiness, and fraud risk assessments. As one of the firm’s subject matter experts on data analytics, he utilizes his deep experience with IT systems, internal controls, and data analytics to develop proactive, risk-based anti-fraud models and programs, including the use of CaseWare IDEA®.
After this class you will have learned:
What is manual journal entry testing and why do external audit firms perform it as part of their audit?
How can Internal Audit perform this testing, and how often should the manual journal entries be tested?
Understand some of the pitfalls that companies encounter whey trying to test manual journal entries.
What are some considerations and specific questions to address for successful manual journal entry testing?
Audimation Services, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of the continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org
CPAs may contact us by email at [email protected] to receive promotional materials containing details on the required elements of the National Registry of CPE Sponsors.