Learn why your client's system of internal control is important to achieving an effective and efficient audit. Gain an understanding of how to identify which IT applications and IT controls are relevant.
Learning Objectives
- Recognize auditors’ responsibilities when gaining an understanding of a client and its environment, including its system of internal control.
- Recognize which controls require design & implementation evaluation.
- Recognize auditors’ responsibilities specific to risks arising from the use of IT and general IT controls.
Major Topics
- The audit risk model
- Key steps in understanding and evaluating your client's system of internal control
- Learn how to identify IT applications and IT controls relevant to the audit
- Apply risk assessment requirements to less complex entities
- Examples of risks arising from the use of IT and general IT controls
