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SJSU Operational Auditing Presentation

SJSU Operational Auditing Presentation. Alisanne Gilmore-Allen Independent Consultant October 1, 2009. Agenda. Introduction “Audit” Evolution Multinational companies Opportunities Questions. Introduction: Alisanne Gilmore-Allen. B.S. Agriculture & Managerial Economics, UC Davis

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SJSU Operational Auditing Presentation

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  1. SJSU Operational AuditingPresentation Alisanne Gilmore-Allen Independent Consultant October 1, 2009

  2. Agenda • Introduction • “Audit” Evolution • Multinational companies • Opportunities • Questions

  3. Introduction: Alisanne Gilmore-Allen • B.S. Agriculture & Managerial Economics, UC Davis • MBA, Santa Clara University • Certified Internal Auditor • Board of Governors, San Jose chapter, Institute of Internal Auditors • Corporate Experience: • Various manager / director roles, Pacific Bell (now AT&T) • Senior Manager, Deloitte & Touche • Director, Internal Audit, Brocade Communications

  4. Agenda • Introduction • “Audit” Evolution • Multinational companies • Opportunities • Questions

  5. “Audit” Evolution” • “Audit Generations” • Control-Based Auditing • Process-Based Auditing • Risk-Based Auditing • Risk-Management Based Auditing • Merging / Integration of Financial, Operational, IT focus

  6. Audit Generations

  7. Introduction Audit Process Methodology Understanding the actual status Knowledge about ideal situations are the keys for improvements Actual Key Data Structure Processes Interfaces etc. Comparison Analysis of Documents Interviews Questionnaires Ideal (Better) Strategy Business Policy Law, guidelines State of the Art Customer Surveys etc. Recommendations constructive future-oriented feasible improving processes and profits

  8. Introduction “Audit” Evolution”Questions • What Generation is represented by previous slide “Audit Process Methodology” model? • What Generation best represents the focus of SOX (COSO Internal Control Framework)? • What Generation best describes the methodology you were taught? • What Generation is predominant in industry today?

  9. COSO Internal Control Framework

  10. COSO/CobitInternal Control Framework

  11. COSO ERM (Enterprise Risk Management) Framework

  12. Agenda • Background • “Audit” Evolution • Multinational companies • Opportunities • Questions

  13. Multinational Companies • Unique challenges • Culture • Management style • Philosophy • “Global” business model • Diversity • Organization

  14. Focus Areas 2009 • Risk assessment combined with Enterprise Risk Management (ERM) • Governance, Risk and Compliance (GRC) initiatives • Compliance & operational audits • Continuous auditing • SOX testing or reviews • Investigations • Action plan monitoring • Audit Committee updates • Other

  15. Agenda • “Audit” Evolution • Multinational companies • Opportunities • Questions

  16. Opportunities: Career • Audit • Accounting / Finance • SOX Compliance • Risk Management • Legal • Other…..

  17. Opportunity: Auditor for a Day • Exposure to the audit profession • Site visit at local companies (October / November 2009) • Institute of Internal Auditors meeting • Nov. 4, 2009 Lunch and Training at Biltmore hotel • Sign-up through your instructor • Research company in advance and have some familiarity with the financials, products, etc. to position yourself to ask informed questions

  18. Opportunity: Scholarships

  19. Application Requirements • Confirm eligibility • Essay or personal biography of 1-2 pages • Two (2) written references from persons not related to you (one teacher or counselor; other from friend or volunteer agency) • Complete the application and submit by Dec. 21, 2009 • Visit IIA website for application: www.theiia-sj.org

  20. Agenda • “Audit” Evolution • Multinational companies • Opportunities • Questions

  21. Contact Information • www.theiia-sj.org • Alisanne Gilmore-Allen • agilmoreallen@yahoo.com • 408.391.4937

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