Chapter One

Introduction to IT Auditing

IT Governance
the process for controlling an organizations IT resources, including information and communication systems, and technology.
using IT to promote an organizations objectives and enable business processes and to manage and control IT related risks.

CobiTs IT Governance Management Guideline

Identifies

critical success factors, key goal and performance indicators, and an IT governance maturity model. IT governance framework begins with setting IT objectives and measures and compares performance against them

IT and Transaction (Tx) Processing

The IS collects transaction data The IS turns data into information Computerized Tx systems increase some risks and decrease others

What do IT auditors do?

Ensure IT governance by assessing risks and monitoring controls over those risks Works as either internal or external auditor Works on many kind of audit engagements

Financial vs IT Audits

IT auditors may work on financial audit engagements IT auditors may work on every step of the financial audit engagement Standards, such as SAS No. 94, guide the work of IT auditors on financial audit engagements IT audit work on financial audit engagements is likely to increase as internal control evaluation becomes more important

IT Audit Skills
College education IS, computer science, accounting Certifications CPA, CFE, CIA, CISA, CISSP, and special technical certifications Technical IT audit skills specialized technologies General personal and business skills

Professional Groups and Certifications Alphabet Soup

ISACA CISA IIA CIA ACFE CFE AICPA CPA and CITP

How to Structure an IT Audit

AICPA Standards and Guidelines GAAS, SAS, and SSAE IFAC Guidelines harmonized or common international accounting standards and guidelines ISACA standards, guidelines, and procedures includes CobiT and audit standards

An Overview of the Book

Section I an introduction to IT audit, the legal and ethical environment of the IT audit, introduction to risks and controls Section II risks over specific processes and technologies deployment of IS, operation of IS, network systems, and e-business systems Section III how to do an It audit use of CAATTs and a step-by-step IT audit Appendices ACL tutorial and IT audit glossary