STRATEGIQA SERVICES

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Training Program on IT Auditing in BFSI Sector - 4 Day Workshop

 

Background

 

Over the last several years organizations in, Banks, Financial Services and Insurance (BFSI) Sector, around the world have spent billions of dollars in upgrading or installing new application systems to achieve their goals, like increasing customers’ satisfaction, increasing profits, offering variety of products through web enabled ‘24 x 7 service’ applications.

 

 As most of the business processes in BFSI sector use technology to deliver services, any leakage of information may lead to loss of customer confidence, financial loss, statutory and regulatory violations, loss of competitive advantage, loss of reputation etc. In order to protect information assets, organizations in BFSI sector must design and implement adequate controls.

 

The introduction of use of technology to support business process or modification of an existing IT environment necessitates a number of changes in staff skills, workflows, policies and procedures, and a host of other changes. Therefore, risks associated with IT have an impact on people, processes and others. Failure to properly identify these IT and other related Risks on an ‘ongoing basis’ and implement appropriate controls to mitigate them will expose organization in BFSI Sector to these risks.

 

Need for IT Audit

 

Given current scenario, how can various stakeholders in organizations in BFSI sector, get assurance that adequate processes are in place to keep up with the new responses required by evolving information technology? One answer is the use of IT internal and external auditors, people who understand both business and technology issues. There is a growing need to integrate technology issues into audit function to respond appropriately to control risks and to secure the technology platforms. There is a growing need for more information system auditors or IT auditors to understand how to audit, control, and secure their organizational systems.

 

Course Description

 

The objective of this workshop is to impart and enhance the IT auditing skills to those who are currently working as IT auditors or who plans to move into IT audit function from general audit with fair knowledge of auditing in computerized environment. Participants will be taken through step by step class room exercises with real life examples from BFSI sector, covering audit processes like collection and evaluation of evidences to determine whether a computer system safeguards assets, maintains data integrity, achieves organizational goals effectively, and consumes resources efficiently. 

 

Learning from the Course

 

This program enables the participants in enhancing their skills in ‘IT auditing’. Further, it helps them in implementing best practices in their respective organizations, in the following areas.

  • Perform realistic and ongoing risk assessments of critical business applications and IT infrastructure       

  • Preparation of Risk Based Audit (RBA) plans

  • Plan, conduct IT audits, discuss findings with auditees, prepare audit reports and maintain working papers       

  • How to use Computer aided audit tools (CAATs)

  • Conduct follow up audits to ensure closure of audit findings with adequate corrective actions

Who Should Attend?

  •  Chief Internal Auditors (CIAs), IT Audit Manager and General Audit Managers

  •  IT Internal Auditors and Internal Auditors

  • Managers in Risk Management department

  • Compliance Managers  

For further information, please contact us at  ksrao@strategiqa.net

 

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