Accounting transactions and other types of processing are conducted in a variety of information technology environments. These IT environments could be traditional, such as local area networks, or emerging, such as cloud and mobile computing.
This CPE course covers the risks and internal controls that are common to all IT environments in both large and small entities, as well as IT internal controls and risks that are unique to environments of varying levels of complexity.
In addition, the course will cover the following topics: Trust services, Service Organization Control Reports®, the Internet, cloud and mobile computing, testing procedures, management controls, electronic evidence, COSO IT controls, and the most recently ranked top technologies.
This course will prepare you to:
Identify internal control components and main points regarding technology general controls per COSO's 2013 Internal Control-Integrated Framework
Recall applicable auditing standards related to IT considerations in a system of internal control
Recall IT general control concepts
Recognize the impact of weaknesses in general controls on various sized entities, specifically, smaller, less complex entities
Identify the relationship between manual and IT application controls
Recall key definitions, components, and risks relating to information technology environments
Recall examples of common e-commerce risks and related controls
Identify risk assessment procedures applicable to IT during an audit
Identify risks related to cloud and mobile computing and methods to mitigate these risks
COSO framework and IT
Types of IT controls
IT application controls
Information technology environments
E-commerce, cloud computing, and trust services
Service Organization Control Reports and AU-C section 402
IT risk assessment and other auditing procedures
Cloud and mobile computing and other current topics
Who Will Benefit?
Auditors, managers, and internal auditors in nonpublic companies, not-for-profits, and government agencies
Prerequisite: Working knowledge of internal control and IT
Advance Preparation: None
IMTA Section Members Receive 20% off!
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