International Standards in Auditing & their Application in the New Digital Era | Globaltraining

International Standards in Auditing & their Application in the New Digital Era


Date(s) and Time(s)
05 November 2021 - 12:00 AM
Duration
3 hours
Cost
€120
Tel
77778030
Email Address
Invictus Globaltraining, Limassol

Lecturer(s)

Aim:

The increasing complexity and digitalization of organizations has resulted a greater focus on testing of IT controls and digital/IT audit in general.
The seminar has been designed to explain to the participants the necessity of a digital/IT audit, the various types of digital audits, the challenges from digitalization and to assist with practical application from different industries when conducting the audit of financial statements.

Objectives:

On completion of this seminar, participants should be able to:
• Understand challenges from digitalization and the importance of digital/IT audit
• Understand the requirements of ISAs in relation to electronics data and highly automated processes and transactions
• Understand the various types of digital/IT audits and the benefits from such audit
• Understand the audit process in relation to highly automated entities:
• Assessment of IT specialist experience and qualification
• Understand How IT Affects the Flow of Transactions and Identify Relevant Technology Elements
• Identify and Assess Risks Arising from IT
• Understand the various IT testing procedures
• Understand how to monitor and review the results from IT testing
• Understand the challenges from interaction with IT specialist
• Understand what data analytics are and how they can be used in audit process
• Understand how digital/IT audit can be used in certain industries