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

Jason Wood 지음

Wiley 2013년 11월 22일 출간

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Essential guidance for the financial auditor in need of a working knowledge of ITIf 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 controlsOffers small- and middle-market business auditors relevant IT coverageCovers relevant applications, including MS Excel, Quickbooks, and report writersWritten for financial auditors practicing in the small to midsized business spaceThe 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.

목차

Preface xiAcknowledgments xiiiChapter 1: Why Is IT Auditing Important to the Financial Auditorand the Financial Statement Audit? 1Management&'s Assertions and the IT Audit 2Objectives of Data Processing for Small and Medium?]Sized Enterprises (SMEs) 5Special Challenges Facing SMEs 8Research Confirming the Risks Associated with SMEs 13A Framework for Evaluating Risks and Controls, Compensatory Controls, and Reporting Deficiencies 16Summary: The Road Ahead 20Chapter 2: General Controls for the SME 21General Controls: Scope and Outcomes 22The “COSO Process”&m-Putting It All Together: Financial Statements, Assertions, Risks, Control Objectives, and Controls 30Summary 35Chapter 3: Application?]Level Security 37Key Considerations 37Initial Security Setup 40Security Role Design 42Password Configuration 44Segregation of Duties 48Personnel, Roles, and Tasks 49Access Reviews 56Human Error 58Summary 58Chapter 4: General Ledger and the IT Audit 59The General Ledger: A Clearinghouse of Financial Information 60Chart of Accounts for QuickBooks 62SME Risks Specific to the General Ledger and the Chart of Accounts 65Assertions Underlying the Financial Statements and General Ledger Controls 66IT Controls, the Transaction Level, and the General Ledger 66Summary 78Chapter 5: The Revenue Cycle 81Risk Exposures and Subprocesses 81Application Controls, Revenue Cycle Risks, and Related Audit Procedures 84Summary 105Chapter 6: The Expenditure Cycle 107Risk Exposures and Subprocesses 107Application Controls, Expenditure Cycle Risks, and Related Audit Procedures 111Summary 133Chapter 7: The Inventory Cycle 135Risk Exposures and Subprocesses 136App

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저자(글) Jason Wood

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Jason Wood, CPA, CITP, CIS, CIA, CFF, MBA, is President of WoodCPA-Plus, a certified public accounting firm that focuses on IT auditing, consulting, and training. Mr. Wood has over seventeen years of international business experience in IT auditing, helping middle market and global Fortune 500 companies. He is an alumnus of the Big Four accounting firms#151;Deloitte, E#38;Y, and PwC.William Brown, PhD, CPA, CISA, CITP, is Chair of Accounting at Minnesota State University, Mankato, where he has taught accounting and management information systems. He has over twenty years of business experience including roles as vice president, controller, and CFO of several publicly traded companies and the CIO of an IT intensive high#45;growth SME.Harry Howe, PhD, is Professor of Accounting and Director of the MS in Accounting Program at SUNY#45;Geneseo. Howe has coauthored two volumes in the BNA Policy and Practice series and published numerous articles in scholarly and practitioner journals.