Managing Risk in the New IT World  (ITRC)

8.00 CPE Credit Hours

It is important to understand the major role of IT controls in the financial reporting and management information process. You will learn to identify IT control frameworks for traditional, current, and emerging IT systems - such as cloud and mobile computing and the controls that should enhance the reliability of financial and managerial reporting in these systems.

Designed For
Independent auditors, and managers and internal auditors in nonpublic companies, nonprofits and government agencies.

Objective
This course also applies to major IT controls for smaller, less complex entities and in addition, preventive and detective controls, e-commerce, top IT technologies, and examples of control deficiencies will be addressed.

Highlights
Upon completion of this course, participants will be able to discuss:
•  Cloud Computing and SOC Reports, Under AU-C 402
•  Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement Under AU-C315
•  The Control Environment
•  IT Governance
•  COSO Internal Control
•  Designing and Implementing Controls
•  Computer-Assisted Audit Techniques (CAAT Application)

Prerequisites
Working knowledge of internal control and IT

Advanced Preparation
None

Developer
AICPA

Presenters
John Baldo,

Level of Knowledge
Intermediate