The Accounting Profession has lagged far behind the computer technology companies and government agencies use to power their business operations. Federal Laws and Security Exchange Commission (SEC) regulations mandate that Certified Public Accountants (CPAs) who are engaged to audit public companies’ financial statements attest to the operating effectiveness of the computer systems that run their clients’ business operations. The agile, complex, and distributed nature of CLOUD technology further exacerbates the challenges auditors face when segments of their clients’ financial operations are outsourced to CLOUD and managed service providers.
Imagine being a financial statement auditor and you are engaged to audit a client who has outsourced significant segments of its business operation to third-party CLOUD service providers including: online sales; benefits management; payroll; data warehousing; direct payroll and tax deposits to employees’ and tax authorities accounts. Consider also that the client’s accounting department employees are accessing these third-party systems over the Internet.
Imagine being an accounting professor and the text books prescribed by your college or university covers just a little about CLOUD auditing. You find yourself constrained by inadequate courseware that is not designed for a 21st century business environment.
Imagine being an accounting student and the accounting courseware you are paying hundreds of dollars for covers a little, if any, about auditing financial transactions in the CLOUD. Consider also that the smartphone you are using for course registration, online purchases, tax filing, and online banking are all connected to computer systems in the CLOUD. When you venture into the business world after college, you will certainly be faced with the challenge of auditing these and many other automated business processes that are implemented in the CLOUD ecosystem.
Imagine being the chief financial officer of your company and your internal audit department is tasked with auditing the company’s e-commerce transactions, electronic tax filings, online banking activities, payroll, and direct deposit functions that have been outsourced to multiple CLOUD providers and financial institutions.
Imagine being an accounting manager in the federal government and your agency is required to utilize a newly implemented Federal Government’s CLOUD service as a cost cutting and security measure. Reference: NIST.SP.500-293
According to the Wall Street Journal, sale of CLOUD technologies is increasing astronomically: it was US $175 billion in 2015 and is expected to grow to US $204 billion in 2016. Investment in CLOUD technologies is expected to exceed U.S. $1 trillion dollars by 2020.
This book – the first of three volumes – will inform your understanding of the dynamics and agile nature of CLOUD technologies and how to navigate the nuances involved with auditing financial statements in the CLOUD. Buy Volumes II – Methods, Tools, and Platforms and Volume III - Practical Application of CLOUD Testing Tools & Platforms here.
USA: $99.95 Canada: $109.95
AiCA website: www.aicamembers.com
Imagine being a financial statement auditor and you are engaged to audit a client who has outsourced significant segments of its business operation to third-party CLOUD service providers including: online sales; benefits management; payroll; data warehousing; direct payroll and tax deposits to employees’ and tax authorities accounts. Consider also that the client’s accounting department employees are accessing these third-party systems over the Internet.
Imagine being an accounting professor and the text books prescribed by your college or university covers just a little about CLOUD auditing. You find yourself constrained by inadequate courseware that is not designed for a 21st century business environment.
Imagine being an accounting student and the accounting courseware you are paying hundreds of dollars for covers a little, if any, about auditing financial transactions in the CLOUD. Consider also that the smartphone you are using for course registration, online purchases, tax filing, and online banking are all connected to computer systems in the CLOUD. When you venture into the business world after college, you will certainly be faced with the challenge of auditing these and many other automated business processes that are implemented in the CLOUD ecosystem.
Imagine being the chief financial officer of your company and your internal audit department is tasked with auditing the company’s e-commerce transactions, electronic tax filings, online banking activities, payroll, and direct deposit functions that have been outsourced to multiple CLOUD providers and financial institutions.
Imagine being an accounting manager in the federal government and your agency is required to utilize a newly implemented Federal Government’s CLOUD service as a cost cutting and security measure. Reference: NIST.SP.500-293
According to the Wall Street Journal, sale of CLOUD technologies is increasing astronomically: it was US $175 billion in 2015 and is expected to grow to US $204 billion in 2016. Investment in CLOUD technologies is expected to exceed U.S. $1 trillion dollars by 2020.
This book – the first of three volumes – will inform your understanding of the dynamics and agile nature of CLOUD technologies and how to navigate the nuances involved with auditing financial statements in the CLOUD. Buy Volumes II – Methods, Tools, and Platforms and Volume III - Practical Application of CLOUD Testing Tools & Platforms here.
USA: $99.95 Canada: $109.95
AiCA website: www.aicamembers.com
The Accounting Profession has lagged far behind the computer technology companies and government agencies use to power their business operations. Federal Laws and Security Exchange Commission (SEC) regulations mandate that Certified Public Accountants (CPAs) who are engaged to audit public companies’ financial statements attest to the operating effectiveness of the computer systems that run their clients’ business operations. The agile, complex, and distributed nature of CLOUD technology further exacerbates the challenges auditors face when segments of their clients’ financial operations are outsourced to CLOUD and managed service providers.
Imagine being a financial statement auditor and you are engaged to audit a client who has outsourced significant segments of its business operation to third-party CLOUD service providers including: online sales; benefits management; payroll; data warehousing; direct payroll and tax deposits to employees’ and tax authorities accounts. Consider also that the client’s accounting department employees are accessing these third-party systems over the Internet.
Imagine being an accounting professor and the text books prescribed by your college or university covers just a little about CLOUD auditing. You find yourself constrained by inadequate courseware that is not designed for a 21st century business environment.
Imagine being an accounting student and the accounting courseware you are paying hundreds of dollars for covers a little, if any, about auditing financial transactions in the CLOUD. Consider also that the smartphone you are using for course registration, online purchases, tax filing, and online banking are all connected to computer systems in the CLOUD. When you venture into the business world after college, you will certainly be faced with the challenge of auditing these and many other automated business processes that are implemented in the CLOUD ecosystem.
Imagine being the chief financial officer of your company and your internal audit department is tasked with auditing the company’s e-commerce transactions, electronic tax filings, online banking activities, payroll, and direct deposit functions that have been outsourced to multiple CLOUD providers and financial institutions.
Imagine being an accounting manager in the federal government and your agency is required to utilize a newly implemented Federal Government’s CLOUD service as a cost cutting and security measure. Reference: NIST.SP.500-293
According to the Wall Street Journal, sale of CLOUD technologies is increasing astronomically: it was US $175 billion in 2015 and is expected to grow to US $204 billion in 2016. Investment in CLOUD technologies is expected to exceed U.S. $1 trillion dollars by 2020.
This book – the first of three volumes – will inform your understanding of the dynamics and agile nature of CLOUD technologies and how to navigate the nuances involved with auditing financial statements in the CLOUD. Buy Volumes II – Methods, Tools, and Platforms and Volume III - Practical Application of CLOUD Testing Tools & Platforms here.
USA: $99.95 Canada: $109.95
AiCA website: www.aicamembers.com
Imagine being a financial statement auditor and you are engaged to audit a client who has outsourced significant segments of its business operation to third-party CLOUD service providers including: online sales; benefits management; payroll; data warehousing; direct payroll and tax deposits to employees’ and tax authorities accounts. Consider also that the client’s accounting department employees are accessing these third-party systems over the Internet.
Imagine being an accounting professor and the text books prescribed by your college or university covers just a little about CLOUD auditing. You find yourself constrained by inadequate courseware that is not designed for a 21st century business environment.
Imagine being an accounting student and the accounting courseware you are paying hundreds of dollars for covers a little, if any, about auditing financial transactions in the CLOUD. Consider also that the smartphone you are using for course registration, online purchases, tax filing, and online banking are all connected to computer systems in the CLOUD. When you venture into the business world after college, you will certainly be faced with the challenge of auditing these and many other automated business processes that are implemented in the CLOUD ecosystem.
Imagine being the chief financial officer of your company and your internal audit department is tasked with auditing the company’s e-commerce transactions, electronic tax filings, online banking activities, payroll, and direct deposit functions that have been outsourced to multiple CLOUD providers and financial institutions.
Imagine being an accounting manager in the federal government and your agency is required to utilize a newly implemented Federal Government’s CLOUD service as a cost cutting and security measure. Reference: NIST.SP.500-293
According to the Wall Street Journal, sale of CLOUD technologies is increasing astronomically: it was US $175 billion in 2015 and is expected to grow to US $204 billion in 2016. Investment in CLOUD technologies is expected to exceed U.S. $1 trillion dollars by 2020.
This book – the first of three volumes – will inform your understanding of the dynamics and agile nature of CLOUD technologies and how to navigate the nuances involved with auditing financial statements in the CLOUD. Buy Volumes II – Methods, Tools, and Platforms and Volume III - Practical Application of CLOUD Testing Tools & Platforms here.
USA: $99.95 Canada: $109.95
AiCA website: www.aicamembers.com
