Sponsored by the Technology Assurance Committee

Using ACL in a Financial Statement Audit
Tuesday March 4, 2003 8:00 AM. To 9:30 A.M.

In today’s environment, critical business records, including those used to provide support for audit procedures, are usually stored in digital media. By leveraging audit analysis packages such as ACL (Audit Command Language), to perform CAAT (computer assisted audit techniques), practitioners can realize a great opportunity to increase the effectiveness and efficiency of financial statement audits. These tools provide the ability to test mathematical accuracies and identify anomalies such as transactions recorded in the wrong accounting period, negative debits, and positive credits. CAAT provides the opportunity to enable the auditor to “audit smarter” by quickly identifying these transactions and enabling analysis over the entire population rather than just a sample. Many of these tools, including ACL, provide statistical features further enhancing the ability to deliver value to clients as well as improve fraud detection.

During this CPE session attendees will learn how to use CAATs such as those provided by ACL for financial statement audit testing purposes. The topics covered will be:

Date: Tuesday March 4, 2003

Time: 8:00 A.M. to 9:30 A.M.

Presenter: Tom McDermott, J.H. Cohn LLP

Location: NYSSCPA Headquarters, 530 Fifth Ave, Fifth Floor, New York City

Additional Information

This FAE/NYSSCPA CPE presentation has been organized by the NYSSCPA Technology Assurance Committee (TA). Attendees will earn one CPE credit. A continental breakfast will be provided by J.H. Cohn LLP and Carpenter Information Technologies. Information about the TA committee and its related projects and programs can be found at www.nysscpa.org. Click on the committees tab on the left and scroll down to the TA committee. This CPE session is free to NYSSCPA members, and $15 to non-members. Advance registration is encouraged because seating is limited.

Registration

To register contact the Foundation for Accounting Education (FAE) at 212-719-8383. State Society members can register by using their member number at www.nysscpa.org.

For additional information contact Gary Carpenter at 315-487-4567 gcarpenter-cit@worldnet.att.net or Bruce Nearon at 973-403-6955 bnearon@jhcohn.com

About the Presenter

Thomas McDermott is a consultant for The Cohn Consulting Group, a division of J. H. Cohn LLP, Roseland, NJ. His experience includes financial auditing, e-commerce (WebtrustTM), IT auditing and audit technical support, network security, as well as general and application controls. He holds a Bachelors degree in Accounting from the Rutgers University- School of Business in New Brunswick, NJ (1996). tmcdermott@jhcohn.com.