Why Companies Are Not Implementing Audit, Antifraud and Assurance Software…and How to Fix It

Copyright © 2006 ISACA. All rights reserved. www.isaca.org.Why Companies Are Not Implementing Audit, Antifraud and Assurance Software…and How to Fix ItBy Dean Brooks and Rich Lanza, CPA-CITP, CFE, PMPhy doesn’t everyone have a comprehensive suite of Too Many New Productsaudit software tools? While researching the book, it was discovered that roughlyW This is an interesting question. In business, certain half of the products available to auditors today had beentools are taken for granted as being needed by essentially launched since 2002, after the US Sarbanes-Oxley legislationeveryone. Everyone who uses a personal computer has e-mail was passed. Although many were Sarbanes-Oxley-related riskand a web browser, a spreadsheet and a word processor. A new management or control self-assessment packages, there werehire sitting down at his/her PC for the first time would be new products (as well as a dramatic rise in the pace of productastonished—maybe even insulted—if these basic tools were not releases) in most categories.available. In the Sarbanes-Oxley market in particular, the authors expectAuditors have these tools like anyone else. But if we try to to see a shakeout among vendors, as the relatively small auditdefine even one software tool specific to the audit profession software market cannot support 20 or even 30 different products allthat is required on top of these basics, we fail. It does not chasing the same pool of buyers. Mergers and acquisitions ...