Course/Product Description Title: Auditing Business Application Systems Metropolitan Area: New York Event Venue: Omni Berkshire Place Hotel Address: 21 East 52nd St at Madison Ave New York, NY Contact Phone: 770-410-9441 Starting Date / Time: 8/2/2010  -  See Course Description Duration: 3 days Description: This three-day seminar is designed for financial, operational, and information technology auditors who need a technical and operational understanding to audit automated business applications. By attending, you will learn how to assess key risks and controls in each stage of the application processing cycle and how to prioritize your audit approach to achieve optimal results in an effective and efficient manner. You also will discover how to assess all aspects of a business application, including completeness and accuracy of input, processing and output, transaction authorizations, processing flow balancing and reconciliations, and controlling high-risk interfaces. You will also learn about IT general control risks and control objectives for critical aspects of the IT infrastructure. You also gain field-tested techniques for identifying, prioritizing, recording, assessing and evaluating application controls and procedures. Prerequisite: You should first attend IT Auditing and Controls or have equivalent experience Learning Level: Basic Field: Auditing Bonus: You will receive a copy of MIS' Information Technology & Audit Acronym Dictionary, defining hundreds of IT terms and acronyms, and the MIS Applications Control Handbook. Agenda 1. Introduction to Business Application Systems types of automated business applications objectives of an application audit types of applications audits system environmental considerations application control ownership integrated auditing data vs. information 2. Business Application Transactions what is a transaction? transaction-based application auditing transaction life cycle application risk assessment factors establishing audit priorities 3. Top-Down Risk-Based Planning planning the application audit top-down, risk-based planning defining the business environment determining the application’s technical environment performing a business information risk assessment identifying key transactions developing a key transaction process flow evaluating and testing application controls 4. Data Input and Processing Models comparing pros/cons of input and processing models batch input/batch processing on-line input/batch processing on-line input/on-line processing real time input/real-time processing 5. Application Controls business applications information objectives COSO: application controls business application auditing application transaction life cycle transaction origination logical security completeness and accuracy of input completeness and accuracy of processing completeness and accuracy of output output retention and disposal data file controls user review, balancing, reconciliation end user documentation training segregation of duties business continuity planning Sarbanes Oxley application control requirements 6. IT General Control Objectives and Risks IT general controls overview relationship between IT general controls and application controls COBIT™ and ISO 27002 physical security environmental exposures logical security encryption systems development production change management disaster recovery and business continuity planning Sarbanes Oxley IT general control requirements 7. Testing Application Controls testing automated and manual controls testing alternatives testing sample size sampling terminology negative assurance testing types of audit evidence functional/substantive testing computer assisted audit techniques (CAATs) data analysis: planning and data verification Sarbanes Oxley: testing requirements and examples 8. Documenting Application Controls evaluating and documenting internal controls internal control questionnaires narratives flowcharts / process flows control matrix 9. End-User Computing growth of end user computing end user computing risks general IT control risks change control risks purchased applications risks spreadsheets: typical errors spreadsheet risk factors practical steps for evaluating spreadsheet controls 10. Auditing System Development Projects business risks audit’s primary goals costs to correct errors during system development traditional system development life cycle rapid application development internal audit involvement advantages and challenges qualifications of audit personnel requirements of audit involvement internal audit objectives assess project and product risks assess user involvement 11. Executing Application Audits internal audit process objectives of an application audit application audit planning application risk assessment determining the audit scope obtaining planning information the planning memo audit programs auditing application controls testing application controls audit workpapers audit report integrated auditing Learning Level: Basic Prerequisite: IT Auditing and Controls or equivalent experience Dates & Times Classes start on the date(s) posted herein, and run from 8:30am to 5pm daily, except for the last day of class, which ends at 1pm. Licenses / Designations / Educational Credits: CPE All US States: 22 About The Provider: Founded in 1978, MIS Training Institute is the international leader in audit and information security training, with offices in the USA, UK, and Asia. MIS’ expertise draws on experience gained in training more than 200,000 delegates across five continents. Helping audit and infosecurity professionals stay at the top of their game has always been at the core of MIS’ mission. To that end, MIS has developed and focused its seminars, conferences, and symposia on the wide-ranging needs of internal and IT auditors and information security practitioners who are charged with controlling complex systems and business environments. MIS’ unparalleled course curriculum covers the most up-to-the-minute topics, provides proven audit and security practices, and delivers the information needed to be successful in today’s organizations. All MIS programs are led by industry experts…hands-on pros who have been in the field and who practice what they teach. Attendees of MIS Training Institute events benefit from unbiased practices, proven strategies, and lessons learned in the real-world. MIS Training Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. Price: $1,950.00 More Info: Contact Us For More Information Click Here For More Cities And Dates To order this product by check/invoice or credit card, enter desired quantity here >>> Qty:

Keywords For This Course:
training for Auditing Business Application Systems