| Title: |
IT Controls in Small Businesses |
| Prerequisite: |
None |
| Advance Preparation: |
None |
| Knowledge: |
Basic |
| Subject Matter Area: |
Auditing |
| Date of Publication: |
August 2007 |
| Copyright: |
© 2007 by Bisk Education, Inc. All rights reserved. |
| Recommended CPE Credits: |
1 QAS/Registry (based on 50-minute hour) |
| Expiration Date: |
One year from date of receipt to complete program and submit quizzer to obtain credit |
| Passing Grade for Quizzer: |
70 percent or higher |
An information system consists of hardware/infrastructure, software, people, procedures and data. Understanding how your client uses and controls information technology (IT) is central to understanding its internal control. This course provides some uses of information technology (IT) in a smaller business and what the use of IT controls means to the auditor in conducting her/his audit of a smaller business' financial statements.
Note: Reporting of CPE credit to a CPA's state board is the responsibility of the CPA. Subscribers to CPE Network Accounting & Auditing Report may not receive duplicate credit for this material, which previously aired in the August 2007 edition of this program.
This text is divided into three chapters:
Chapter 1 explains the various components of an efficient information system.
Chapter 2 contains an evaluation of IT controls.
Chapter 3 contains review problems that help illustrate the topic.
Jennifer F. Louis, CPA, is President of Training Services at Emergent Solutions Group, LLC. She has more than 14 years of experience in designing and instructing high-quality training programs. Most recently, Ms. Louis was executive vice president and director of training services at AuditWatch Inc., a premier training and consulting firm serving the auditing profession.