Tag Archives: audit report

Battle of the AI Bots

data scientist

I’m going to take a break from my python journey to dive back into artificial intelligence (AI) and what I’m calling the battle of the AI bots.

Previously, I have posted about 4 common AI fallicies and how AI is NOT going to take over the world.

Well, regarding the world takeover, I’ve changed my thinking somewhat, based on ChatGPT, a recent article on AI email, and some reflections on human nature (which was influenced by watching too many back-to-back episodes of the first season of Alone).

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Filed under Audit

How to Kill an Auditor

You can kill an auditor in 10 easy steps. If you’re a manager, it’s even easier. Here’s how:

1. Insist that all periods are followed by 2 spaces. Those days are long gone and so are typewriters. But some managers who review workpapers still insist on this. No kidding!

A little help for non-auditors: a workpaper describes 1) the control being tested, 2) the steps used to select samples and perform the test, 3) the evidence gathered and how it was analyzed, 4) the conclusion, and if the test failed, usually 5) a broad recommendation of what might be done to resolve it.

2. When reviewing workpapers electronically, question an obvious mistake instead of correcting it. For example, I numbered my test steps 1, 2, 3, 5. Just fix it and move on. Don’t waste your time and mine writing things like “is this number correct?” and then sending it back to me to fix it, especially when it’s the only correction in the workpaper. Just fix it! If multiple errors exist, say something to me or send it back and ask me to review all numbers and references.  By pointing out a single error, you are wasting shareholder dollars. I sure hope you feel better now!

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Filed under Audit, How to..., Written by Skyyler