Information Management and Technology Assurance (IMTA) Resources
The Information Management and Technology Assurance Center helps members and the accounting community leverage technology to provide expertise in information assurance, internal controls, business process improvement, data analytics, and enhanced business reporting.
IT Risk and Assurance
IT Risk and Assurance is the 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.
Security and Privacy
Security and Privacy encompasses the rights and obligations of individuals and organizations with respect to the collection, use, disclosure, and retention of personal information.
Records Information Management (RIM) is the practice of managing and controlling what are considered to be the most important records of an organization throughout the record life cycle.
Auditing explores Internal Control and the control environment, risk assessment, control activities, Service Organization Control (SOC 1), and information and communication monitoring. To provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes/use. To identify leading edge techniques and options to design and execute testing procedures.
Visit the Auditing page for additional information on Internal Control, SAS, and Segregation of Duties.
Business Solutions are new and innovative solutions based on surveys, top technology initiatives, intelligence, priorities, and concerns for accounting professionals and how to manage risks by leveraging leading edge technology. This section will identify the opportunities and show the value of using information technology to create work flows and processes that enable more effective use of resources.
Visit the Business Solutions page for additional information.
Data management plays a significant role in an organization’s ability to generate revenue, control costs and mitigate risks. Successfully being able to share, store, protect and retrieve the ever-increasing amount of data can be the competitive advantage needed to grow in today’s business environment.
Management of data generally focuses on the defining of the data element, how it is structured, stored and moved. Management of information is more concerned with the security, accuracy, completeness and timeliness of multiple pieces of data. These are all concerns that accountants and finance managers are trained to assess and help manage for an organization.
Visit the Data Management page for additional information including resources on Data Analytics.
Service Organization Control
Service Organization Control (SOC): Today, it is common for entities to outsource business tasks or functions to service organizations, even those that are core to an entity’s operations. Although user entities may rely on a service organization to perform outsourced tasks or functions, the user entity still retains responsibility (and the risks associated) for the service it provides to its customers.
Visit the Service Organization Control page for additional information.
Additional IMTA Resources
The Institute of Internal Auditors (IIA) is an international professional association that offers certification, education, research, and technological guidance for internal auditors.
ISACA is a global organization for information governance, control, security and audit professionals. It offers IS auditing and IS control standards.
The Public Company Accounting Oversight Board (PCAOB) is a private-sector, non-profit corporation, created by the Sarbanes-Oxley Act of 2002, to oversee the auditors of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.