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IT Risks and Controls in Current and Emerging Environments

Author/Moderator: Glenn Helms Ph.D., CPA, CIA, CISA, CITP, CFF
Publisher: AICPA
Availability: Varies by Format (See Below)
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Available Formats:  Text | On-Demand | See All

Accounting transactions and other types of processing are conducted in a variety of IT environments, including 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 and IT internal controls and risks that are unique to environments of varying levels of complexity.

Some of the topics covered include: trust services associated with the internet and cloud computing, testing procedures, management controls, electronic evidence, COSO considerations, and the most recently ranked top IT technologies.

Topics Discussed:

  • COSO framework and IT
  • Types of IT controls
  • IT application controls
  • Information technology environments
  • E-commerce, cloud computing and trust services
  • SOC reports and AU-C section 402
  • IT risk assessment and other auditing procedures
  • Cloud/mobile computing and other current topics

Learning Objectives:
When you complete this course, you will be able to:

  • Recall key considerations related to IT and the COSO framework.
  • Explain IT general control concepts.
  • Explain the impact of weaknesses in IT general controls.
  • Describe the relationship between manual and IT application controls.
  • Outline key definitions, components, and risks relating to information technology environments.
  • Provide examples of common e-commerce risks and related controls.
  • Explain how risk assessment procedures are applied related to IT during an audit.
  • Describe risks related to cloud and mobile computing and methods to mitigate these risks.

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

Advanced Preparation: None.

NASBA Field of Study: Accounting and Auditing
Level: Intermediate
Recommended CPE Credit: Text - 7 (3 - Accounting; 4 - Auditing); On-Demand - 7.5 (3.5 - Accounting; 4 - Auditing)
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