Video Game

The ABC's of Information Technology and More

Being offered twice a quarter on Thursdays at 1:00 p.m. to 3:00 p.m. Central Time

"The only true wisdom is in knowing you know nothing." Socrates

As an internal audit professional do you really understand how information technology works?

 

Information technology (IT) is an integral part of every organization. To remain relevant in your career, all auditors must have an understanding of IT theories and concepts. But becoming fluent in IT can be intimidating, especially for non IT auditors. The goal of this session is to help non IT and IT Auditors work better together by arming NON IT auditors with the knowledge to collaborate with the techies on the team. You will come to understand that all of information technology is very simple:

 

 

  • Input - The processing of input data to support a business objective

  • Process - The logic to take the input and validate it and accomplish a business objective

  • Output - The storing of data to support later use.

 

After attending this session, participants will be able to:

  • Understand and describe basic IT concepts.

  • Describe IT infrastructure

  • Understand and test application controls

  • Identify areas appropriate for integrated audits

  • Perform integrated audits

 

This session is designed to arm auditors with the tools necessary to understand and work with the information technology used on a day-to-day basis in any organization.

 

This timely, two hour CPE training event is designed for the internal auditor and others who wish to improve their auditing tradecraft skills.

 

Each attendee will receive two CPEs (YB). A certificate of completion will be provided.

Program Level of Understanding: Intermediate
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Personnel/Human Resources
CPE Credits: 2, based on 50 minutes of instruction per hour

Auditor Tradecraft

Tradecraft, within the internal and external auditing communities, refers to the techniques, methods and technologies used in modern financial and internal auditing and generally, as part of the activity of creating assurance.

Honing client interaction skills can significantly improve the effectiveness of audit engagements.

This includes general topics or techniques (interviewing, for example), or the specific techniques of an organization (the particular form of performance improvement (Lean Six Sigma for example).

CPE Event Highlights

The seminar reviews and answers the following questions:

  • How does internal controls for IT fit into the COSO Internal Control Framework?

  • What is IPO?

  • What is included in an IT Risk Assessment?

  • What are IT General Controls?

  • What is the COBIT Framework?

 

 

Learning Objectives

Improving the effectiveness of internal audit by:

  • Identifying the components of an information system

  • Understanding how computer systems operate, process, and store data

  • Recognizing the factors of an IT Risk Assessment

  • Knowing the areas of IT general controls and methods of testing

  • Learning the application system controls and methods of testing

  • Identifying the value of integrated audits

 

Key Concepts on the Agenda

  1. Introduction and Internal Control Concepts

  2. Computer Processing: Hardware, Software, Databases, and Networks

  3. Assessing Information Technology Risk

  4. IT Audits and IT General Control (ITGC) Reviews

  5. Testing the ITGC's

  6. IT Application Control (ITAC) Reviews

  7. Testing the ITACs

  8. Integrated Auditing and Seminar Wrap-up