The American Institute of Certified Public Accountant IT Executive and CITP Credential committees (full disclosure -- I am the chairman of the latter committee) recently collaborated  to produce a three-and-a-half day training school to educate financial auditors about the impact of IT on reporting and auditing.

The course, called "IT Considerations in Risk-Based Financial Statement Audits," will be offered October 27-30 in New York City.

The course will begin with a discussion of how IT impacts financial reporting and what the Audit Standards specifically or implicitly require of the auditor with respect to the entity’s use of IT. An expert panel of presenters will then walk participants through each phase of the risk-based financial audit process, highlighting important IT considerations at each step. Along the way, attendees will participate in collaborative group exercises that will drive home key concepts, while allowing them to share their own experiences and better understand how their clients’ use of IT impacts audit risk.

Sounds pretty exciting -- especially if you're in a firm that depends solely on you or your IT staff to support the IT audit function. I believe that auditors simply MUST develop a deeper  IT understanding if we're to meet the spirit of RBA standards, If this applies to people in your firm, here's your opportunity to help them.

 

The Progressive Accountant
Greg LaFollette, CPA.CITP, is the executive editor of The Progressive Accountant. He has been involved with public accounting for nearly 40 years and to ensure he stays completely current with the needs of the practicing accountant, he is also a senior manager of tax and technology consulting with Top 25 firm Eide Bailly LLP.
Last modified on Sunday, 02 June 2013
Read 2412 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline