Raven Catlin - Agile Auditing

1 Cover

2 Title Page Founded in 1807, JohnWiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Asia, and Australia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Corporate F&A series provides information, tools, and insights to corporate professionals responsible for issues affecting the profitability of their company, from accounting and finance to internal controls and performance management.

3 Copyright

4 Dedication

5 Tables and Figures

6 Foreword

7 Preface

8 Acknowledgments

9 About the AuthorsRAVEN CATLIN CECILIANA WATKINS

10 List of Acronyms

11 Introduction

12 Part 1: Building an Understanding of Agile and Auditing Chapter 1: What Is Agile?AGILE IS A FRAMEWORK DEFINITIONS OF AGILE THE AGILE MANIFESTO AGILE FRAMEWORKS SCRUM FRAMEWORK RECIPE: EXPLAINING THE CONCEPT NUGGETS Chapter 2: What Is Audit?DEFINING AUDIT TYPES OF AUDITS AUDIT CUSTOMERS KNOWLEDGE AREAS FOR AUDITORS SKILLS FOR AUDITORS AUDIT PROJECT LIFE CYCLE TRADITIONAL, WATERFALL AUDIT PROCESS: A REAL‐LIFE VIEW OF THE PROBLEMS IDENTIFYING, ASSESSING, AND RESPONDING TO DELIVERY RISKS RECIPE: BUILDING AUDITOR KNOWLEDGE AND SKILLS NUGGETS Chapter 3: Traditional Audit Processes and PracticesAUDIT JARGON TRADITIONAL ENTITY‐LEVEL AUDIT PLANNING TRADITIONAL AUDIT ENGAGEMENT PLANNING TRADITIONAL AUDIT ENGAGEMENT FIELDWORK TRADITIONAL AUDIT ENGAGEMENT REPORTING NUGGETS Chapter 4: What Is Agile Audit?THE JOURNEY OF AGILE AUDITING WHAT IS AGILE AUDITING? OVERVIEW OF THE AGILE AUDIT PROCESS SKILLS FOR AGILE AUDITORS NUGGETS Chapter 5: Why Agile Audit?AVOID THE JURASSIC AUDITOR WHAT'S YOUR WHY? WHO IS USING AGILE AUDITING? STARTING YOUR AGILE AUDITING CHANGE TRANSFORMATION AGILE AUDIT FRAMEWORKS WHAT ARE THE BENEFITS OF AGILE AUDITING? CAN AGILE AUDITING HELP ME SOLVE PROBLEMS IN THE AUDIT PROCESS? NUGGETS Chapter 6: Creating the Agile MindsetWHAT IS AN AGILE MINDSET? BUILD A PASSION FOR BEING AGILE START WITH AUDITOR SELF‐ASSESSMENTS DO I NEED TO CALL IT AGILE AUDITING? RECIPE: GETTING AUDITOR BUY‐IN NUGGETS

13 Part 2: Implementing Agile Auditing Chapter 7: Implementing Agile Auditing: Deciding Your Approach and Your Agile Audit Project RolesCHOOSING YOUR IMPLEMENTATION STRATEGY DEALING WITH TITLES DEALING WITH PEOPLE CHALLENGES NUGGETS Chapter 8: Implementing Agile Auditing: The Audit Planning ProcessNONTRADITIONAL AUDIT PLANNING (AGILE AUDIT PLANNING) PRODUCT BACKLOG RECIPE: PRIORITIZE AND SELECT YOUR USER STORIES NUGGETS Chapter 9: Implementing Agile Auditing: Planning Agile Audit EngagementsPLANNING AGILE AUDIT RESOURCES SELF‐MANAGING TEAMS AGILE AUDIT PLANNING STEPS AGILE JARGON USING AGILE AUDITING TO SOLVE ENGAGEMENT PLANNING PROBLEMS NUGGETS Chapter 10: Implementing Agile Auditing: Executing the Agile AuditTESTING WITH THE AUDIT CLIENT WORKPAPER DOCUMENTATION IN AN AGILE AUDIT ENVIRONMENT MANAGING SCOPE CREEP AUDIT FINDINGS USING AGILE AUDITING TO SOLVE ENGAGEMENT EXECUTION PROBLEMS NUGGETS Chapter 11: Implementing Agile Auditing: Communicating Agile Audit ResultsREPORT WRITING DAILY MEETINGS TO COMMUNICATE “BUGS,” DEFICIENCIES, AND FINDINGS SPRINT REVIEW DO I STILL NEED A REPORT? SPRINT RETROSPECTIVE USING AGILE AUDITING TO SOLVE ENGAGEMENT COMMUNICATION AND REPORTING PROBLEMS NUGGETS

14 Part 3: Special Considerations Chapter 12: Agile Auditing in the “New Normal” Environment (Remote Auditing)THE NEW NORMAL EXISTING TECHNOLOGIES NEW TECHNOLOGIES AND AGILE AUDIT RECIPE FOR STARTING DATA ANALYTICS (DA) NUGGETS Chapter 13: Lean and Agile AuditingWHAT IS LEAN? ELIMINATING WASTE USING AGILE AUDITING NUGGETS Chapter 14: Exploring Kanban Agile AuditingWHAT IS KANBAN? WHEN CAN I USE KANBAN? KANBAN PRINCIPLES APPLIED TO AGILE AUDITING MANAGING WORKFLOW, THE KANBAN WAY NUGGETS Chapter 15: Merging Risk‐Based Auditing and Integrated Auditing with Agile Auditing STOP CREATING KITCHEN SINK AUDITS! WHAT IS RISK‐BASED AUDITING (RBA)? CAN I STILL COMPLETE INTEGRATED AUDITS IN AGILE AUDITING? NUGGETS Chapter 16: Building the Auditor Toolbelt and Self‐Managing Agile Audit TeamsAGILE AUDITING AS A TOOL SKILLS NEEDED TO BE AN AGILE AUDITOR BECOMING AN INTEGRATED AUDITOR IN AN AGILE AUDIT WORLD USING SCRUM VALUES TO CREATE SELF‐MANAGING AGILE AUDIT TEAMS BENEFITS OF DEALING WITH SELF‐MANAGING TEAMS CAUTIONS OF DEALING WITH SELF‐MANAGING TEAMS NUGGETS Chapter 17: Preparing Your Organization for Agile Auditing/Creating the Agile Culture WHAT IS CULTURE? CHANGING OTHERS' PERCEPTION OF AUDITORS PARTICIPATORY AUDITING INFLUENCING A CULTURE THAT SUPPORTS AGILE AUDITING IDEAL CONDITIONS FOR AGILE AUDITING NUGGETS Chapter 18: Passing Your Quality Assessment Review in an Agile Audit Environment GOVERNMENT AUDITORS INTERNAL AUDITORS EXTERNAL AUDITORS AGILE AUDITING AND YOUR QAR NUGGETS Chapter 19: Nuggets for Agile Audit Success

15 Glossary of Terms

16 Appendix A: Appendix A:Product Backlog Template

17 Appendix B: Appendix B:Agile Audit Example SECURITY/ACCESS CONTROLS: DEFICIENCIES IN THE USER PROVISIONING PROCESS FOR TERMINATIONS

18 Bibliography

19 Index

20 End User License Agreement

1 Chapter 1 TABLE 1.1 Views of Agile

2 Chapter 2TABLE 2.1 Example of Proficiency Gap

3 Chapter 3TABLE 3.1 Example Risk Scoring

4 Chapter 9TABLE 9.1 Project Canvas

5 Chapter 17TABLE 17.1 The Right Conditions for Agile Auditing

1 Chapter 1 FIGURE 1.1 Agile Umbrella FIGURE 1.2 How Scrum Works

2 Chapter 4FIGURE 4.1 Agile Auditing at a Glance

3 Chapter 12FIGURE 12.1 Agile Auditing Adoption Life CycleFIGURE 12.2 Automation Continuum

1 Cover Page

2 Table of Contents

3 Begin Reading

1 ii

2 iii

3 iv

4 v

5 xiii

6 xv

7 xvi

8 xvii

9 xix

10 xx

11 xxi

12 xxii

13 xxiii

14 xxiv

15 xxv

16 xxvi

17 xxvii

18 xxviii

19 xxix

20 xxx

21 1

22 2

23 3

24 4

25 5

26 6

27 7

28 8

29 9

30 11

31 13

32 14

33 15

34 16

35 17

36 18

37 19

38 20

39 21

40 22

41 23

42 24

43 25

44 26

45 27

46 28

47 29

48 30

49 31

50 32

51 33

52 34

53 35

54 37

55 38

56 39

57 40

58 41

59 42

60 43

61 44

62 45

63 46

64 47

65 48

66 49

67 50

68 51

69 52

70 53

71 54

72 55

73 56

74 57

75 58

76 59

77 60

78 61

79 62

80 63

81 64

82 65

83 66

84 67

85 68

86 69

87 70

88 71

89 72

90 73

91 75

92 76

93 77

94 78

95 79

96 80

97 81

98 82

99 83

100 84

101 85

102 86

103 87

104 88

105 89

106 90

107 91

108 92

109 93

110 94

111 95

112 96

113 97

114 98

115 99

116 100

117 101

118 102

119 103

120 104

121 105

122 106

123 107

124 108

125 109

126 110

127 111

128 112

129 113

130 114

131 115

132 117

133 118

134 119

135 120

136 121

137 122

138 123

139 124

140 125

141 126

142 127

143 128

144 129

145 130

146 131

147 132