| Section 1 – Risk Assessment |
Risk Assessment
- Initial evaluation of risks that may impact the possibility of a material misstatement or the vulnerability of an organization’s assets with initial assumptions, research, and uncertainties
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| Section 2 – Fraud Considerations |
Fraud Considerations
- Consideration of the risks of material misstatement due to fraud and determine specific IT techniques to detect fraud.
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| Section 3 – Internal Control and IT General Controls |
Internal Controls
- Provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes/use.
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Information Technology General Controls
- Control objectives relate to the confidentiality, integrity, and availability of data and the overall management of the IT function of the business enterprise.
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Information Security
- Understand, identify, design, implement, and monitor processes/systems used to enable security of information.
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| Section 4 – Evaluate, Test, and Report |
Types of Audit and Attest Services
- Provide assurance to the public on financial statements, a client service, or a specific segment or piece of an entity’s operations.
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Auditing Techniques & Procedures
- Techniques and options to design and execute testing procedures.
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Assessment of Controls
- Evaluation process of controls and the entity’s environment after examination and testing.
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Information Assurance
- Provide assurance on the presentation, timeliness, and auditability of information.
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| Section 5 – Information Management & Business Intelligence |
Information Management
- Ensure that information is managed such that it provides value in a number of aspects.
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Business Process Improvement
- Identify opportunities and understand the value of using information technology to create work flows and processes that enable more effective use of resources.
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Data Analysis & Reporting Techniques
- Process of gathering, modeling, and transforming data with the goal of highlighting useful information, suggesting conclusions, and supporting decision making.
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Performance Management
- Apply data analysis and reporting concepts to analyze enterprise performance and help the organization achieve its accountability goals and objectives, using financial and non-financial information.
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