IT Auditing and Application Controls for Small and Mid-Sized by Jason Wood

By Jason Wood

Essential assistance for the monetary auditor wanting a operating wisdom of IT

If you are a monetary auditor wanting operating wisdom of IT and alertness controls, Automated Auditing monetary purposes for Small and Mid-Sized Businesses will give you the information you would like. Conceptual overviews of key IT auditing concerns are incorporated, in addition to concrete hands-on assistance and strategies. inside of, you can find historical past and counsel with applicable connection with fabric released by means of ISACA, AICPA, geared up to teach the expanding complexity of structures, beginning with normal ideas and progressing via higher degrees of functionality.

  • Provides undemanding IT suggestions to monetary auditors trying to boost caliber and efficacy of software program controls
  • Offers small- and middle-market company auditors suitable IT coverage
  • Covers proper functions, together with MS Excel, Quickbooks, and record writers
  • Written for monetary auditors training within the small to midsized company space

The greatest industry section within the usa in volume and scope is the small and heart industry company, which is still the resource of financial progress and growth. Uniquely desirous about the IT wishes of auditors serving the small to medium sized company, Automated Auditing monetary functions for Small and Mid-Sized Businesses supplies the type of IT assurance you wish to your organization.

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Additional resources for IT Auditing and Application Controls for Small and Mid-Sized Enterprises: Revenue, Expenditure, Inventory, Payroll, and More

Example text

That wall of worry may ultimately be insurmountable. 1). Application controls are specific to a business process and each business process supports a business unit. A particular business process may support several business units. For public and other Sarbanes-Oxley-compliant companies, tests are appropriate for both business processes and the IT environment. Consistent with the IT environment and the business processes (the larger box and everything that’s in the box), the objectives of financial reporting, the assertions of existence, completeness, rights and obligations, accuracy, cutoff, and classifications, must meet the financial statement reporting objectives of the enterprise.

It is unlikely that any one preventive or detective control can survive a determined individual whose objective is to override the system. Perhaps the most significant corrective control is a business or disaster recovery plan, which requires active support and sponsorship from the chief executive officer (CEO) and the board. Without an effective business recovery plan, the survival of an enterprise is vulnerable to catastrophic events. This corrective control restores an enterprise back to its original operating mode.

Source: Adapted from Turner and Weickgenannt 2008. 2 ◾ 27 Hacking and Other Network Break-Ins Firewall Hardware, software, or a combination of both that is designed to block unauthorized access. All data traveling between the internal network and the Internet should pass through a firewall. Encrypted Plain text data converted into encrypted code is referred to as cipher text. Symmetric and Public Key Encryption Symmetric encryption uses a single encryption key that must be used to encrypt data and also to decode the encrypted data.

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