Information Technology (IT) Risks in Emerging Business Environments (Completed)

Date: Tuesday, July 16, 2019
Instructor: Lynn Fountain
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs

The world has changed, and Information Technology (IT) is no longer simply a back- office function. IT and its role in today’s business environment is an important component for the success of any organization. Although organizations are staffed with experienced personnel who are skilled in the technicalities of data systems, personnel computer systems and data access methods, it is important all personnel have a solid understanding of control procedures that comprise the complex nature of today’s digital world. This training will assist in understanding the many advancements of information technology and its uses in today’s business environment. These advancements and uses of information technology can relate to financial, operational or compliance reporting methods. We will discuss the critical tie to COSO 2013 and delve into understanding the variance between general controls and application controls. We will further evaluate the aspect of general controls and provide examples and usages for today’s business.

To begin to understand information technology risks in emerging business environments, it is important to be familiar with the COSO Framework and recognize the link to IT controls. It is also important to have knowledge of the COBIT information technology framework. Each framework provides insight for gaining a deeper understanding of what comprises IT controls.

Who Should Attend
Business owners and operational professionals, Accountants and Finance professionals, Internal auditors, Individuals entering information technology roles, and Board members and audit committee members.

Topics Covered

  • Benefits and risks of IT systems
  • COSO's link to IT as it relates to the five components of COSO
  • Categories and examples of IT general controls
  • Application controls vs. general controls
  • IT control framework and recognize how to approach IT evaluation
  • IT entity controls

Learning Objectives

  • Recognize and apply the benefits and risks of IT systems
  • Describe COSO's link to IT as it relates to the five components of COSO
  • Identify categories and examples of IT general controls
  • Differentiate application controls vs. general controls
  • Recognize the IT control framework and recognize how to approach IT evaluation
  • Describe IT entity controls


Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (1 hour), Information Technology (1 hour)

Program Prerequisites

Advance Preparation

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