NAA2619. Commonly Missed IT Considerations in Audits

This session will address the importance of understanding financially significant business processes and their reliance on IT. It will focus on the often overlooked risks and controls associated with the input, interfaces and output of IT systems and their impact on inherent risk and financial assertions.

Learning Objectives:

• To learn how to identify the risks and controls within the entire financially significant systems process (input, edit, update and output)
• To understand the impact of these risks and controls on the audit approach and financial assertions (e.g. completeness, accuracy and validity)
• To learn if, when and how we test the controls
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