The Birth Of The Bionic Auditor

1
The Birth Of The Bionic Auditor

• Richard B. Lanza, CPA, CFE, PMP
• Manager, Internal Audit Toys R Us
• Founder, AuditSoftware.Net

2
How Do We Define Bionics?

• Having anatomical structures or physiological
  processes that are replaced or enhanced by
  electronic or mechanical components.

• Having extraordinary strength, powers, or
  capabilities superhuman.

3
Bionic Auditors Are Born!
4
Examples of Automated Risk Management Savings

• Dell
• New monitor sent with 100 adjustment
  automatically posted

• Cemex
• Ready-mix load about to expire is auctioned to
  the highest bidder in the immediate area

• To be named
• Unmitigated risk identified through control self
  assessment
• Calculation of current impact assessed
• Appropriate parties using a skills database are
  identified
• Calendar system finds next available time for
  meeting to discuss

5
Why Automate Risk Management?

• Manage Risk Better
• Integrates risk data from various sources
• Frees up time for higher-end thinking
• Focuses efforts on the most fruitful
  opportunities
• Allows analysis that goes beyond our brains

6
Why Automate Risk Management?

• React Quicker
• Automates your rote tasks
• Eliminates duplicative entry
• Keeps tabs on thousands of risks, and only alerts
  you of key issues
• Maintains information in one central locale for
  easy retrieval

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Diagram
8
A Few Random Quotes

• In 25 years, youll probably be able to get the
  sum total of all human knowledge on a personal
  device. - Greg Blonder, VC was Chief Technical
  Adviser for Corporate Strategy _at_ ATT

• A bureaucrat is an expensive microchip.Dan
  Sullivan, consultant and executive coach

9
We Can Rebuild Him..

• All of this technology exists today
• It is easier than ever to loosely couple the
  modular components with software going to more
  object orientated programming, .Net, etc..
• To be effective, we need to think of all aspects
  of the risk management deployment design.not
  just one or two pieces.

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But Wont The Computer Replace Me?

• It will replace rote functions

• It will free us up to do more value-added tasks

• We can become architects of risk management
  software solutions

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Not Bad To Be The Architect
If it works for Bill, it works for me