IT Auditing and Application Controls for Small and Mid-Sized Enterprises

Essential guidance for the financial auditor in need of a working knowledge of IT If you?re a financial auditor needing working knowledge of IT and application controls, Automated Auditing Financial Applications for Small and Mid–Sized Businesses provides you with the guidance you need. Conceptual overviews of key IT auditing issues are included, as well as concrete hands–on tips and techniques. Inside, you?ll find background and guidance with appropriate reference to material published by ISACA, AICPA, organized to show the increasing complexity of systems, starting with general principles and progressing through greater levels of functionality. Provides straightforward IT guidance to financial auditors seeking to develop quality and efficacy of software controls Offers small– and middle–market business auditors relevant IT coverage Covers relevant applications, including MS Excel, Quickbooks, and report writers Written for financial auditors practicing in the small to midsized business space The largest market segment in the United States in quantity and scope is the small and middle market business, which continues to be the source of economic growth and expansion. Uniquely focused on the IT needs of auditors serving the small to medium sized business, Automated Auditing Financial Applications for Small and Mid–Sized Businesses delivers the kind of IT coverage you need for your organization. INDICE: Preface Acknowledgments Chapter 1 Why Is IT Auditing Important to the Financial Auditor and the Financial Statement Audit? Management’s Assertions and the IT Audit Objectives of Data Processing for Small– and Medium–Sized Enterprises (SMEs) Special Challenges Facing SMEs Research Confirming the Risks Associated with SMEs A Framework for Evaluating Risks and Controls, Compensatory Controls, and Reporting Deficiencies In Summary: The Road Ahead Chapter 2 General Controls for the SME General Controls: Scope and Outcomes The “COSO Process” – Putting It All Together: Financial Statements, Assertions, Risks, Control Objectives, and Controls The Vasa: Governance and General Control Failures In Summary Chapter 3 Application–Level Security Key Considerations Initial Security Setup Security Role Design Password Configuration Segregation of Duties Personnel, Roles and Tasks Access Reviews Human Error In Summary Chapter 4 General Ledger and the IT Audit The General Ledger: A Clearinghouse of Financial Information Chart of Accounts for QuickBooks SME Risks Specific to the General Ledger and the Chart of Accounts Assertions Underlying the Financial Statements and General Ledger Controls IT Controls, the Transaction Level, and the General Ledger Analytical Reviews Using the General and Subsidiary Ledger Data In Summary Chapter 5 The Revenue Cycle General Process Description Risk Exposures and Sub Processes Application Controls, Revenue Cycle Risks and Related Audit Procedures In Summary Chapter 6 The Expenditure Cycle General Process Description Risk Exposures and Sub Processes Application Controls, Expenditure Cycle Risks and Related Audit Procedures In Summary  Chapter 7 The Inventory Cycle General Process Description Risk Exposures and Sub Processes Application Controls, Inventory Cycle Risks and Related Audit Procedures In Summary Chapter 8 The Payroll Cycle General Process Description Risk Exposures and Sub Processes Application Controls, Payroll Cycle Risks and Related Audit Procedures In Summary Chapter 9 Risk, Controls, Financial Reporting, and an Overlay of COSO on COBIT PCAOB Warnings: Insufficient Evidence to Support Opinions How We Got Here: A Historical Perspective Risk Risk and Fraud Controls Financial Reporting PCAOB Guidance on IT Controls Integrating COSO, COBIT, and the PCAOB In Summary Chapter 10 Integrating the IT Audit into the Financial Audit Risks, Maturity, and Assessments Cross Referencing COBIT to the PCAOB and COSO Plan and Organize Program Development and Change Computer Operations and Access to Programs and Data Monitor and Evaluate In Summary Chapter 11 Spreadsheet and Desktop Tool Risk Exposures Specific Types of Risks and Exposures Research on Errors in Spreadsheets Compliance Dimensions of Spreadsheet Risk Exposures Spreadsheet Auditing Tools Governance of Spreadsheets and Desktop Tools Control Considerations Auditing Controls and Creating a Baseline Life After the Baseline:  Maintaining Spreadsheets and Desktop Tools In Summary Chapter 12 Key Reports and Report Writers Risk Exposures How Reports Are Used Original Reports within the Application C Modified or Customized Reports Within the Application Reports Using Third–Party Packages Analyzing and Validating Reports In Summary Chapter 13 IT Audit Deficiencies Defining and Evaluating IT Audit Deficiencies A Framework for Audit Deficiencies Types of IT Audit Failures and Illustrative Cases Use of Compensatory Controls Ideas for Addressing Segregation of Duties Issues In Summary References About the Authors Index

• ISBN: 978-1-118-07261-5
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 432
• Fecha Publicación: 01/01/2014
• Nº Volúmenes: 1
• Idioma: Inglés