IT Auditing and Application Controls for Small and Mid-Sized Enterprises: Revenue, Expenditure, Inventory, Payroll, and More

Get IT auditing up and running in your SME's financial auditing process

Historically, IT auditing has not been given the attention it deserves within a financial audit. With an increase in governmental regulations and corporate boards realizing its importance, IT auditing has risen to a level where every company, private or public or nonprofit, regardless of size, needs to understand the risks and controls surrounding its financial applications. Mining the myriad purposes of IT, IT Auditing and Application Controls for Small and Mid-Sized Enterprises provides you with the practices and guidance needed to implement IT auditing in your SME.

Drawing on their decades of experience in academia and in the trenches, the veteran author team walks you through various financial statement cycles to help you better understand cycle risks, controls, and illustrative application-level controls. IT Auditing and Application Controls for Small and Mid-Sized Enterprises provides executive-level insights into IT auditing and application-level controls for SMEs as well as concrete hands-on tips and techniques that you can implement today.

Organized by level of complexity, IT Auditing and Application Controls for Small and Mid-Sized Enterprises features:

• QuickBooks and Microsoft Dynamics examples
• Cross references to material published by the ISACA and AICPA on the topic
• A framework for evaluating risks, controls, and reporting deficiencies
• Spreadsheet auditing tools
• Insights on the importance of understanding IT risks
• Cases of IT audit failures
• Research confirming the risks associated with SMEs
• Practical guidance to help you analyze and validate reports

Whether you're an auditor just entering the business or looking to develop better quality and efficiency in your software controls, IT Auditing and Application Controls for Small and Mid-Sized Enterprises is your go-to guide to getting started in IT financial auditing.