Sponsored by the Technology Assurance Committee

Continuous Auditing: The New Business Reporting Model
Tuesday May 6, 2003 9:30 A.M. to 10:30 A.M.

The business reporting model of the future is online with real-time disclosures to stakeholders. With the rapid pace of today’s business environment, many question the value of today’s business reporting, due to rising marketplace demands for more relevant up-to-the-minute information and the need for such information in managing investment and credit portfolios. Stakeholders are demanding data on demand using technology formats that allow quick access and analysis to help make better decisions. Auditors are faced with maintaining the relevancy of the annual audit in an environment that demands instantaneous information. With recent pronouncements such as SAS 94 that consider the impact of technology on financial reporting, much progress has been made to define the type of control environment that would need to exist to provide an audit opinion. And even if technology is able to deliver audited data on demand, will stakeholders be willing to pay for such assurance. The panel discussion, composed of an AICPA Senior Vice President, Graduate School Professor and Big 4 practitioner will provide an integrated perspective on the changing demands placed on the profession and the profession’s response to these challenges.

Date: Tuesday May 6, 2003

Time: 9:30 A.M. to 10:30 A.M.

Panelists: Alan Anderson, Senior Vice President – AICPA
Yossef Newman, Deloitte & Touche
Michael P. Gawley, CPA, is a manager in Eisner LLP’s

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 (TAC). Attendees will earn one CPE credit. A continental breakfast will be provided by J.H. Cohn LLP and Carpenter Information Technologies. More information on the committee’s activities can be found on the TAC homepage at www.nysscpa.org. Click on the committees tab on the left and scroll down to the TAC committee. This CPE session is free to NYSSCPA members, and $15 to non-members. Advance registration is encouraged due to limited seating availability.

Registration

To register contact the Foundation for Accounting Education (FAE) at 212-719-8383. State Society members can register at www.nysscpa.org: however, you will need your State Society member number to register. 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 Panelists

Alan Anderson, CPA, senior vice president – member and public interests at the AICPA. Alan W. Anderson is AICPA’s Senior Vice President for Member and Public Interests. In this capacity, he is responsible for all of AICPA’s technical standards and services to the accounting profession, including the profession’s self-regulatory and CPA examination developmental activities. Since joining the Institute in 1997, he has been especially active in developing the Institute’s initiatives to prepare the profession for the future. In that regard, he has worked to develop continuous audit and assurance approaches as well as expanding system auditing using Systrust. Prior to joining AICPA, Mr. Anderson was line partner and national director of audit with McGladrey and Pullen, LLP in Minneapolis. He is a member of the Information Systems Audit and Control Association, the Minnesota Society of CPAs, and the AICPA." Mr. Anderson earned his BS in Accounting at the Southwest State University, Marshall, NN in 1979.

Yossef Newman, CPA is an audit manager at Deloitte & Touche LLP and a member of the A&A Audit Technology Team. He specializes in Securities and Banking Practice and serves a broad range of brokerage and financial services clients including companies specializing in government securities, soft dollar brokerage, mortgage banking, financial record keeping and fiscal / transfer agency.

Michael P. Gawley, CPA, is a manager in Eisner LLP’s audit practice and has over 7 years experience in accounting, auditing, tax, and consulting.

Michael has diverse experience in both public and non-public clients. His experiences with public clients include the Technology and Biotech fields. His experience on the private side includes auditing and tax services for C-Corps, S-Corps, LLC’s, LLP’s and Not for Profit clients. He has spent the past two years with Eisner’s New Media group primarily focusing on start-up enterprises and new and/or emerging technologies for the Internet.

Michael is a member of the American Institute of CPAs and New York State Society of CPAs. Michael can be reached at MGawley@eisner.rae.com.

Acknowledgments

We appreciate the generous contributions of J.H. Cohn LLP and Carpenter Information Technologies.