If you want to increase the effectiveness of your audits and find risks that haven’t been identified before, you need to shatter your silos so you can identify more risk.
Too often, audits are performed on one process, one category, or one system: Earning Commissions, Windows Servers, or Wire Transfer. Each one of those is a separate silo (one for oats, one for corn, one for rice).
Filed under Audit, Data Analytics, fraud, How to..., Technology
Quiz yourself to discover how much you know about fraud investigations.
While you may not be tasked with leading an investigation, you might need to work with those working on such an investigation. Either way, do you know the basics?
This quick, 5-question quiz from the Journal of Accountancy will indicate what you know AND what you don’t. And whether you get each answer right or wrong, the answers provide additional information. Continue reading
Most of the team deployed to the 2 departments and started emptying wastebaskets in the ‘wastebasket audit‘ exercise, collecting all the trash in large carts on wheels.
Two others were posted as look-outs in the main hallways outside the target department.
I carried my black bag of tools and approached THE door.
I pulled out my favorite flat-head screwdriver. Originally, I was going to remove the closing arm at the top of the door and then pry the hinge pins out of the hinges.
This is the fifth and final post in a series. See the previous post, Behind Locked Doors: Part 4. Start with Behind Locked Doors: Part 1.
Filed under Audit, Case Files, fraud, Security, Technology
I had to get that database fast.
After a long security team meeting, garnished with lots of pepperoni and green olive pizza, we divided the staff into 2 teams. Team A started scanning and probing the target department’s servers in search of vulnerabilities that would provide us with admin access over the network.
Team B started planning a physical intrusion in case Team A failed.
After a couple hours, I was notified that the vulnerability team came up short. None of the identified vulnerabilities could be used to escalate our permissions.
A member of the physical intrusion team called maintenance and requested help from a specific maintenance guy: Zeke. The security team member said that we “needed Zeke’s help locating an electrical breaker panel” in a certain department.
This is the fourth post in a series. See Behind Locked Doors: Part 3. The next post will be the conclusion.
Filed under Audit, Case Files, fraud, Security, Technology
A couple days after I provided Leeda with access to the suspect’s email, her number flashed on my phone again.
I picked up the phone and said, “Hi, Leeda. Find anything interesting in that guy’s email?” I knew she wouldn’t tell me much, but I pried anyway. It was second nature.
I could hear the Internal Audit manager’s smile when she said,”Nice try, Mack. You know that street only goes one way, and you’re headed in the wrong direction.”
This is the third post in a series. See Behind Locked Doors: Part 2.
Filed under Audit, Case Files, fraud, Security, Technology
This time, it was my turn to call someone for help.
The phone rang half a ring before I heard a familiar “Hello?” on the other end.
“Hi, James, it’s Mack. I need a favor from you, and I need today, before 5 pm.”
“Not urgent, huh?”, James teased.
“Not really, I just need it today. And I need you to keep it quiet,” I warned.
This is the second post in a series. See Behind Locked Doors: Part 1.
Filed under Audit, Case Files, fraud, Security, Technology
It all started when the phone rang, which was typical.
Typical in the days when I was a security manager…
“Information Security, Mack here,” I said, as I continued to read the magazine in front of me.
“Hey Mack, this is Leeda. I need your help,” the voice said, as my mind started coming back online.
Leeda was a manager in Internal Audit; when I heard from her, it usually meant I had to carve a few weeks out of my schedule. Fast.
Filed under Audit, Case Files, fraud, Security, Technology
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