With technology and society ever growing and evolving, government entities are evolving and changing themselves. Reports from the AICPA’s Charted Global Management Accounting group discuss some of the key factors and challenges faced by governments who are considering or are in the process of moving to a more digital organization (Part I and Part II). The Organization for Economic Co-operation and Development (OECD) has also provided some insight into the integration of new technologies into government.
However, with all these changes, it is important to consider how an auditor may look at these new processes. Here are a few questions you may want to consider while designing and implementing any of these new processes:
- How is the information and data being tracked and stored?
- Will you be able to pull reports to show an audit trail in areas of both finance and compliance?
- How will you be able to determine if something is going wrong whether big or small?
- Who will be reviewing transactions to ensure information is not fake and is error free?
- How will you be able to reconcile charges to customers at an individual level and by group?
- If someone wanted to commit fraud or theft with your entity, how might they do it?
Controls and security are important to auditors and the questions above are just a few you can use to help you make any new or changing processes audit ready.