Continuous Monitoring & Enforcement of Internal Controls for Local Governments + Free Webinar
As city audit plans roll out, there is a shift towards leveraging continuous control monitoring (CCM) applications to cut expenses, detect policy violations and identify potentially fraudulent activities. CCM applications examine 100% of transactions and, when an exception is detected, utilize a comprehensive and automated workflow to manage alerts and reports until the issue has been remediated.
In a free webinar on June 28th, CaseWare Analytics partner F.H. Black & Company Incorporated will examine the ever-evolving risk profile experienced by local governments and how CCM can help adapt to these shifting profiles. Presenter Jamie Black will demonstrate the timeliness, accuracy, and cost effectiveness to be gained by automating monitoring of internal controls using CaseWare solutions.
Register for this free webinar and learn the ways in which detecting compliance and control breaches can result in significant savings.
For example, one city used CCM to monitor their telecommunication costs and detected nearly 1,000 exceptions, translating to more than a million dollars of savings over a five-year period. Some of the items they monitored included:
- Charges for data usage, roaming, annual texting and airtime
- International and Directory Assistance calls
- Active phones with no call activity during the year
- Users with multiple active telecommunication devices
- Inactive phones
Learn how your organization can use CCM to achieve similar dramatic cost savings, and earn 1.5 CPD hours for participating. Sign up now.
Webinar: Continuous Monitoring & Enforcement of Internal Controls
Date: June 28, 2016 1:00 p.m. to 2:30 p.m. (EDT)
CPD Hours: 1.5
About Andrew Simpson:
Andrew Simpson has close to two decades of experience in the information systems audit and security business; specifically data analytics, interrogation and forensics. He is a regular contributor to various auditing conferences and is acknowledged as an expert on continuous controls monitoring and revenue assurance.
Connect: Andrew Simpson