This course examines IT systems and environment used to support the business processes common across various industries. The course helps to recognize how IT affects flows of business transactions, identify relevant technology elements, and assess risks arising from IT elements. Topics in the course will include the understanding, identifying and testing relevant to GITC (General IT Controls) and evaluate deficiencies in GITCs and assess the impact of GITC deficiencies on the audit. Moreover this course will also touch upon ways in which IT audit report documentation is done and audit observations are assessed, handled and addressed. Lastly the course will also give an overview of regulatory guidelines in place for technology risk management, outsourcing risk and business continuity management stipulated by Monetary Authority of Singapore (MAS). The course will use class activities, case study, real world examples and group discussions to increase the practicality of the knowledge content. Course is a perfect blend for individuals who are willing to learn about the IT elements considered in audit and compliance assessments.
This course contributes to the development of the following learning goals:
- Our students can recognize, develop, measure, record, validate and communicate financial and other related information.
- Our students can analyze, synthesize and evaluate financial and other related information for decision making in a management context.
- Our students understand and can apply concepts relating to business processes, audit and assurance.
- Our students can communicate effectively in a business context.
- Our students understand the principles of leadership and team building in a business context.
- Our students understand and can apply the ethical principles relevant to accounting professionals.
Students are expected to demonstrate the following technical accounting competencies upon successful completion of this course:
1. Identify the relevant flows of transactions (processes) and the relevant IT environments.
2. Understanding IT Environment, IT controls and testing the IT controls.
3. Testing General IT Controls ("GITC") and testing approach of such controls.
4. Understanding concept of segregation of duties and functioning of interfaces between application systems.
5. Documentation of reports and process/procedure on handling exceptions.
6. Technology Regulations and its assessment procedures.
Students presented their case assessments provided by Deloitte (which are the actual cases they handled) and outline their solutions, recommendations and approaches, which are assessed by Deloitte professionals/ mentors.
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