A major component of organizational budgets is the IT department. The primary reason for this is the potential contribution which the IT function can make to the competitiveness and bottom-line performance of the corporation.
Auditing in this area has traditionally been reserved for the specialist IT auditor.
In this training, participants will be introduced to the VFM techniques they require to permit a generalist auditor to evaluate the economy, efficiency and effectiveness of the IT function.
The objectives of the training are to provide attendees with the tools and techniques needed in their own environments to:
- Familiarize auditors with the Key Performance Areas within IT
- Introduce them to a VFMA methodology to determine whether the IT resources are being optimized
- Provide delegates with a complete VFMA audit plan for the IT function
The training will cover the following areas:
- Background and objectives of VFMA
- Operational auditing methods and techniques
- Major operational areas in IT
- Risks and control opportunities
- Economy of resource utilization
- Efficiency determination of the key performance areas
- The quantification of effectiveness
- Implementing the VFMA audit programmer
- Performing the audit and following-up
This is a previously recorded 2-hour AuditNet® webinar with Jim Kaplan and Richard Cascarino
Delivery Method: Self-Study
Richard is a principal of Richard Cascarino & Associates LLC based in Colorado, USA with over 32 years of experience in audit training and consultancy. http://www.rcascarino.com/
He is a regular speaker to National and International conferences and has presented courses and webinars throughout Africa, Europe, the Middle East and the USA.
He has assisted in the implementation and audit of IT and Operational systems as well as the training of Internal Auditors in the USA, UK, and Middle East and throughout Africa. He is a Past President of the IIA – South Africa and founded the African Region of the IIA Inc. He has also served as a member of the Board of Regents for Higher Education of the Association of Certified Fraud Examiners. He developed the BComm Internal Audit for the University of the Witwatersrand in Johannesburg and the Honors program in Governance and Risk at the same university.
He is a consultant and lecturer with experience in Large scale, Project Management, Risk, Audit, Governance, Forensic, Internal and IT auditing education and author of the books Internal Auditing-an Integrated Approach and Auditor’s Guide to IT Auditing and Corporate Fraud and Internal Control: A Framework for Prevention published by Wiley in 2013. Data Analytics for Internal Auditors published in 2017 He is also a contributing author to the Governance section of all 4 editions of QFinance: The Ultimate Resource and is a frequent speaker at IIA, ACFE and ISACA workshops and conferences. His latest book, Complete Guide for CISA Exam Preparation came out in October 2020.