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:

• Identify the risks and controls within the entire financially significant systems process.
• Recognize the impact of the risks and controls on the audit approach and financial assertions, such as completeness, accuracy, and validity.
• Recognize the if, when, and how controls are tested.