Description

As part of auditing federal financial statements, it is necessary to understand internal control and assess the systems, applications and databases that map to the significant line items on the financial statements. This course addresses the mechanics of performing general and application controls reviews, while applying the various regulatory and authoritative requirements. The course uses the Federal Information System Controls Audit Manual (FISCAM) methodology for performing such reviews. While the course focuses on IT, it is tailored for financial auditors wishing to understand the IT steps in support of financial statement audits.

CPE Information

Learning Objectives:

This course covers:

• Introduction to general and application controls reviews
• General controls reviews: security management, access, configuration management, segregation of duties and contingency planning
• Application controls reviews: understanding the application, application-level general controls, business process controls and interface controls

Program level: Basic

Delivery method: Group internet-based (virtual) or group-live (in person)

Course prerequisite: None

Advance prep: None

CPE credit: 8

Field of study: Auditing (Governmental)

AGA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org National Registry of CPE Sponsor ID: 104201.