Aufinia

#AUDITDATALEADERS

The CFO was entering transactions again last night, can't believe no one notices that

 

The CFO was entering transactions again last night, can’t believe no one notices that

 

Yeah, especially just before closing

 

I mean the auditors, they ask us for the entire general ledger, right, that’s 20 million records

 

What do they do with it?

 

The usual stuff, transactions entered manually, transactions entered at the weekend, transactions after hours

 

Well, you would have thought they would notice then?

 

No, well, here’s the catch, even though they do all that, they actually then only pick 25 transactions from each result set

 

Oh !!

 

And what’s more, they don’t look at who entered the transactions.

 

Don’t they check unusual patterns of debit-credit accounts

 

Hey, these are auditors we are talking about, I’m not sure they get what a debit-credit account means.

Want to get instant access to a FREE eBook that outlines the 300 must-have data analytics?

Click below to download our free eBook and we can guarantee it will help you become a recognised leader by starting the transformation of internal control and internal audit!