IT Audit for Accounting, Financial, And IT Professionals

As financial services sector organisations seek new methods of creating value, and actively leverage digital, disruptive technologies and operating models, they embrace innovation and immerse themselves in new approaches to deliver such value.

It was observed that the more mature Internal Audit functions in the industry develop new tools and innovative capabilities in order to effectively respond or align themselves to such organisational developments and challenges.

An effective IT Audit team actively contributes to setting and delivering a vision, as part of the strategic direction of the audit function overall as well as the organisation. It seeks to keep pace with technological change, create value and enhance impact and influence not only across the CIO organisation but also more broadly.

The overall objective of this course is to allow participants to understand why and how IT audits are carried out to obtain an assurance of system controls in support of financial audits and internal audits.

Learning Objectives:

• Appreciate the IT environment, and how it is important to support business goals
• Understand various types of IT audits, e.g., Audit of IT General Controls, IT Application Controls, penetration testing and application of data analytics for IT audits
• Understand the key objectives of IT security
• Appreciate various IT audit methodologies, e.g., The Institute of Internal Auditors’ “Global Technology Audit Guide: IT Essentials for Internal Auditors” and ISACA’s “IT Audit Framework: A Professional Practices Framework for IT Audit”