Finance Track

Course Description

Performance auditing is both and art and a science. Performance auditors are generalists who deploy advanced interdisciplinary based methodologies and tools to “interpret realty” in order to execute effective root cause analysis necessary to develop objective audit conclusions and strong recommendations. This session “audits” common and emergent performance audit methodologies including the strengths and weaknesses of methods and strategic cost-benefit considerations. Learning objectives include a discussion of standards of evidence, auditor competency and skill requirements as well as the importance of investing in tools. The session highlights data analytics as a powerful and emergent tool in the auditor tool belt and highlights several case examples including an entertaining story about how auditors brought down a fraud scheme in Oregon. 

What You Will Learn

• Review common audit methodologies
• Consider costs and benefits of audit approaches
• Discuss evidence standards in auditing
• Describe auditor competency and skill requirements
• Review data analytics as tools for auditing
• Understand audit discovery of fraud

Who Should Attend?

APIPA conference sessions are intended for island government accountability professionals.  Audit, budget, finance, accounting, and related management and staff members will find interest and value in this presentation.