Gwinnett County, Georgia Author Publishes Book on CLOUD Computing & Accounting
A Standardized Financial Statement Auditing Framework for the CLOUD Ecosystem, a new book by Robert Llewellyn Kilby, CPA, CITP, CCSK, has been published by Dorrance Publishing Co., Inc.
Reading the back of this SKYBLUE BOOK means you’re well on your way to discovering the impact of CLOUD computing on business in the 21st century. The Wall Street Journal reported that the sale of CLOUD technologies is growing astronomically, with revenues reaching $175 billion in 2015 and investments expected to surpass $1 trillion by 2020. Businesses and government agencies are increasingly moving their information to the CLOUD ecosystem, because CLOUD services are more robust, economical, profitable and agile than traditional data centers.
However, this shift to a new IT paradigm requires a change in the mindset of the financial statement auditor. Because business transactions and financial controls no longer exist in traditional paper-based environments, and significant segments of business operations are outsourced to third-party service providers, it is difficult to perform a financial statement audit in the CLOUD ecosystem. The agile, complex and distributed nature of CLOUD technology exacerbates challenges for auditors.
Imagine being a financial statement auditor hired to audit a client who has outsourced their online sales, benefits management, payroll, data warehousing, direct payroll, and tax filings to third-party CLOUD service providers.
Imagine being an accounting professor with textbooks that barely cover CLOUD auditing. You find yourself constrained by resources that are not designed for the 21st century business environment.
Imagine that you are an accounting student and you pay hundreds of dollars for accounting documents that contain little or no information about auditing financial transactions in the CLOUD. Also consider that the smartphone you use for class registration, online shopping, tax filing, and online banking are all connected to computer systems in the CLOUD. As you venture into the business world, you will face the challenge of auditing these and many other automated business processes.
Imagine being a CFO overseeing the internal audit of your company’s e-commerce transactions, e-tax filings, and online banking services, all of which have been outsourced to multiple CLOUD providers and financial institutions.
This SKYBLUE BOOK – the first in a three-volume series – will inform your understanding of the dynamic and agile nature of CLOUD technologies and teach you how to navigate the nuances involved in auditing financial statements in the CLOUD. The book provides the knowledge and hands-on training needed to navigate the nuances of auditing in the CLOUD ecosystem and includes topics such as “Building Accounting Cycles in the CLOUD”, “Testing Segregation of Duties in the CLOUD “, “Building Transaction Cycles in the CLOUD”, “Continuous Auditing in the CLOUD”, and much more.
Whether you’re fresh out of college with a degree in accounting, an auditor in public or private practice, a tenured accounting professor, a financial manager, or a government agency accounting manager, you’ll find the SKYBLUE BOOK series a useful tool. invaluable in your daily work.
About the Author
Robert Llewellyn Kilby is a Certified Public Accountant (CPA) and a Certified Technology Professional (CITP). Kilby is a former writer for the American Institute of Certified Public Accounts (AICPA) CPA exam and exam ( AICPA) Certified Information Technology Professional (CITP) With over 25 years of experience, Kilby has spent time auditing federal and state government programs and Fortune 500 companies in the United States.
AiCA website address: http://www.aicamembers.com/
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A Standardized Financial Statement Auditing Framework for the CLOUD Ecosystem is a 460-page paperback with a retail price of $124.00 (eBook $119.00). The ISBN is 978-1-6366-1223-2. It was published by Dorrance Publishing Co., Inc of Pittsburgh, Pennsylvania. For members of the press, to request a review copy, visit our virtual press room at http://dorrancepressroom.com or to purchase the book, visit our online bookstore at https://bookstore.dorrancepublishing.com/ a-standardized-financial-auditing-framework-statement-for-the-cloud-ecosystem/