Building a Spend Review Program in Audit


There is an opportunity in many organizations to reduce fraud and waste in high risk areas such as travel, purchase cards, and purchasing. Organizations such as Finance and Procurement, which may be tasked with the monitoring responsibilities, often do not employ a rigorous program of consistent and continuous oversight. Internal Auditors can aid their organization by partnering with existing second line of defense functions and either implementing a program or ensuring that the existing program is effective. During this session, we will share the experiences partnering with other business units, building our own fraud and waste monitoring programs, and supporting those programs with offshore teams and software. We will share the lessons that were learned the hard way, the value of these program building efforts, and the potential benefits for other audit departments that are considering such an endeavor.

Learning Objectives:
• Discussion of why Internal Audit should provide oversight of fraud and waste programs
• How Internal Audit can message the value proposition and partner effectively with organizations performing these activities
• Business areas most likely to benefit from business process reengineering and automation
• How to shift Internal Audit approach and philosophy to identify and capitalize on such opportunities
• Real-world examples of:
o Effectively communicating the benefits of an increased focus by audit
o Conducting an audit of fraud and waste programs
o Identifying the best approach to assisting Finance and Procurement
o Building a fraud and waste program from the ground up
o Achieving program effectiveness through experience (an iterative approach)
o Implementing metrics that demonstrate the program’s impact

2:30-3:00 PM - Networking & Hors d'oeuvre
3:00-5:00 PM - CPE Learning Session

CPE Credits: 2
CPE Subject Area: Information Technology

ISACA Members: Complimentary
Non-Members/Guests: $25
Students/In-Transition: Complimentary


  • When

  • Thursday, September 21, 2017
    2:30 PM - 5:00 PM
    Central Time

  • Where

  • One North Wacker
    1 N Upper Wacker Dr
    Chicago, Illinois 60606
    (312) 327-2370

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