IT Controls under ISA 315 – Documentation

Objectives

To apply the requirements in ISA 315 Revised (ISA315R) to the risk assessment of controls and consideration of the risks arising from the use of IT.

Key topics

• Control risk assessment, considering the entity’s system of internal control; including its information system and control activities
• Consideration of risks arising from the use of IT
• General IT controls and IT application controls
• Direct vs indirect controls
• Evaluation of the design and implementation of controls
• Overview of testing operating effectiveness of controls

Who should attend

All levels of staff in practice involved in auditing financial statements.