IT Auditing: How to Apply Analytical Procedures for Meaningful Analysis

Why Should You Attend:

As computing power has advanced, enterprise personnel have become increasingly dependent on technology to carry out operational requirements of collecting, processing, maintaining, and reporting essential data. This reliance on electronically encoded data and the systems affecting managerial decisions constitute a significant auditor concern. Consequently, information technology (IT) auditors examine the adequacy of controls in information systems and related operations to assure effectiveness and efficiency in business processes. Regarding assurance practice content, this webinar will address analytical techniques and detail evaluations. In this webinar, a discussion will occur relating the suitability of using analytical procedures for determining appropriate IT due diligence.

Information systems necessitate a high degree of reliability and integrity considering the effect on decisions. This condition results from the frequent need to extract system-generated information as opposed to manually created information to aid in making business decisions. Hence, auditors need to convey timely opinions on both the quality of data and the information produced by systems utilizing digital processing techniques. Typically, analytical procedures explore interrelationships and patterns of selected audit area items.

In this analytical procedure's webinar, information systems management expert Dr. Robert E. Davis, CISA, CICA, will discuss risk modeling, control substantiation, and event visualization for information and related technology. Systemically, Dr. Davis also will cover the accepted criteria for examining information systems deployed in specific audit areas.

Areas Covered in the Webinar:

• IT audit system perspective application
• Key terminology definitions related to IT audit analytics
• Principles for performing IT audit analytical procedures
• Practices for performing IT audit analytical procedures
• Sound IT audit risk considerations through analytical techniques
• Effective IT audit substantive testing
• Analytic visualization techniques
• How to articulate an IT audit business case

Frequently Asked Questions:

1. Why visualization and what is the impact of visualization?
2. Can you elaborate on data visualization?
3. Bootstrapped data, does this mean virgin data (new)?

Who Will Benefit:

• Risk Management Personnel
• Internal Auditors
• External Auditors
• Information Systems Personnel
• Compliance Personnel
• Information Security Personnel

Robert E. Davis
Professor, Temple and West Chester University

Dr. Robert E. Davis obtained a Bachelor of Business Administration in Accounting and Business Law, a Master of Business Administration in Management Information Systems, and a Doctor of Business Administration in Information Systems Management from Temple, West Chester, and Walden University; respectively. Moreover, during his twenty years of involvement in education, Dr. Davis acquired Postgraduate and Professional Technical licenses in Computer Science and Computer Systems Technology.

Dr. Davis also obtained the Certified Information Systems Auditor (CISA) certificate — after passing the 1988 Information Systems Audit and Control Association’s rigorous three hundred and fifty multiple-choice questions examination; and was conferred the Certified Internal Controls Auditor (CICA) certificate by the Institute for Internal Controls.

Since starting his career as an information system auditor, Robert has provided data security consulting and IS auditing services to corporations as well as other organizations; in staff through management positions. Before engaging in the practice of IS auditing and information security consulting; Robert (as a corporate employee) provided inventory as well as general accounting services to Philip Morris, USA, and general accounting services to Philadelphia National Bank (Wells Fargo). Furthermore, he has prior experience as a freelance writer of IT audit and information security training material.

Dr. Davis received recognition as an accomplished, energetic auditor, author, and speaker with a sound mix of experience and skills in monitoring and evaluating controls. Based on his accomplishments, Temple University's Fox School of Business and Management Alumni Newsletter, as well as The Institute for Internal Controls e-newsletter featured Dr. Davis. Furthermore, he is an Advisory Board Member of The Institute for Internal Controls, the first and inaugural Temple University CISA in Residence and a founding Temple University Master of Science in IT Auditing and Cyber-Security Advisory Councilmen. Last, he accepted invitations to join Delta Mu Delta International Honor Society, the Golden Key International Honour Society, the Thomson Reuters' Expert Witness List, the IT Governance LTD expert panel, as well as the International Association of IT Governance Standards honorary membership group.

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