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Electronic Workpapers & Preparing for an Audit

by Dan
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Let me begin by introducing myself, I’m Dan Nerada and was very excited to accept a position with The Garland Group earlier this year. I come to The Garland Group with over twenty-five plus years internal bank audit experience. My years in banking consisted in working for one south Texas bank and two banks within the north Dallas area. During my banking years, I spent the entire time as an Internal Audit manager. Needless to say, switching from an internal bank auditor, to an external IT auditor has enlightened me to see both sides of the audit experience.

Looking back, whenever it was time to prepare for an external audit, document preparation was always a major event! I would spend days, even weeks, gathering information and camping out at a copy machine, only to run out of paper! After all that copying, now it was time to arrange all this information in some logical order. Needless to say, having information in order before the auditors arrived would save a great deal of time and hopefully make the audit run smoother. As I have now experienced from the other side, that remains true. I can definitely say preparation sets the tone for the entire engagement.

My last engagement as an internal bank auditor introduced me to RiskKey provided by The Garland Group. This program truly cut down what use to be weeks of document preparation to simply only a few hours of downloading documents. It was simple, quick and efficient, and this is only one of the applications available within RiskKey. As a prior internal bank auditor, efficiency is the key to run a productive department and also in preparing for an external audit. Checkout RiskKey, it’s a tool that will increase your department’s efficiencies.