SKJ 3083: Computer and Information Security Audit

LECTURE 1 IT Audit Overview

Dr Kamarudin Saadan ©For internal use only

Main topics
Introduction  The impact of IT on organization  The work of an IT Auditor  IT Audit skills  Professional IT Auditor organizations and certifications  Structuring IT audit

Introduction

IT auditor in demand
– Why?

The work of an IT Auditor is interesting and challenging
– Why?

Impact of IT on Organization
IT creates opportunities  Opportunities may bring risks  IT Governance

IT Governance
DEFINITION

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

OBJECTIVES

CobiT’s 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

The IT Governance Framework
PROVIDE DIRECTION

Set Objectives
 

IT Activities

COMPARE

IT is aligned with business IT enables the business and maximizes benefits IT resources are used responsibly IT-related risks managed appropriately

Increase automation (make the business effective) Decrease cost (make enterprise efficient) Manage risks (security reliability and compliance)

MEASURE PERFORMANCE

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?
Evaluate controls over specific applications  Provides assurance over specific processes  Provide third-party assurance  Do penetrating tests  Support financial audit  Works on many kind of audit engagementssearching for IT-based fraud

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
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 Course

  

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 IT Audit Glossary ACL tutorial

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