Instructor for this course
more

The world has changed, and Information Technology (IT) is no longer simply a back office function.  Information Technology (IT) is of strategic importance to internal control for organizations.  This control includes appropriate controls over cyber security threats.

This course speaks directly to the importance of general controls (GC), application controls (AC) and spreadsheet controls as they relate to all operational, financial, and compliance processes.

This course covers:

  • Explore the 2013 Committee of Sponsoring Organizations (COSO) Framework and recognize the link to Information Technology (IT) Controls
  • Explore the IT Control Framework, and recognize how to approach IT evaluation
  • Explore IT Entity controls
  • Explore Application Controls (AC) vs. General Controls (GC)

Learning Objectives

  • Explore the 2013 Committee of Sponsoring Organizations (COSO) Framework and recognize the link to Information Technology (IT) Controls
  • Explore the IT Control Framework, and recognize how to approach IT evaluation
  • Explore IT Entity controls
  • Explore Application Controls (AC) vs. General Controls (GC)
Last updated/reviewed: November 24, 2019

Included In Certifications

This course is included in the following Certification Programs:

19 CoursesInternal Controls Certification

  1. Management Internal Control Essentials
  2. COSO 2013 Overview
  3. Internal Audit Standards Overview
  4. Internal Audit Standards - Managing Internal Audit Work
  5. Internal Audit Standards - Executing the Audit Engagement
  6. Identifying and Implementing the Proper Balance of Internal Controls
  7. Documentation Methods For Internal Control Processes
  8. Information Technology (IT) Risks in Emerging Business Environments
  9. Foundations for a Strong Internal Audit Department
  10. Internal Audit: Keys to Managing an Effective Function
  11. Internal Audit Effective Relations with the Audit Committee
  12. Understanding Risk-Based Auditing
  13. Risk Based Auditing – Establishing a Methodology
  14. Risk Based Auditing – Applying the Methodology
  15. Segregation of Duties for Core Business Processes
  16. Professional Skepticism - Keys to Maintaining
  17. Whistleblower Hotlines - Effective Management
  18. Tools for Internal Control Certificate
  19. Lessons of an Auditor- Tools for Internal Control Certificate

19 CoursesINTERNAL CONTROLS CERTIFICATION - THE VIRTUAL LIVE PROGRAM

  1. COSO 2013 Overview
  2. Management Internal Control Essentials
  3. Identifying and Implementing the Proper Balance of Internal Controls
  4. Documentation Methods For Internal Control Processes
  5. Segregation of Duties for Core Business Processes
  6. Professional Skepticism - Keys to Maintaining
  7. Whistleblower Hotlines - Effective Management
  8. Understanding Risk-Based Auditing
  9. Internal Audit Effective Relations with the Audit Committee
  10. Internal Audit Standards Overview
  11. Internal Audit Standards - Managing Internal Audit Work
  12. Internal Audit Standards - Executing the Audit Engagement
  13. Information Technology (IT) Risks in Emerging Business Environments
  14. Foundations for a Strong Internal Audit Department
  15. Internal Audit: Keys to Managing an Effective Function
  16. Risk Based Auditing – Establishing a Methodology
  17. Risk Based Auditing – Applying the Methodology
  18. Tools for Internal Control Certificate
  19. Lessons of an Auditor- Tools for Internal Control Certificate

17 CoursesPROFESSIONAL BOOKKEEPING CERTIFICATION - THE VIRTUAL LIVE PROGRAM

  1. Bookkeeping: Terminology and Process Execution
  2. Bookkeeping: Legal Entity And Chart Of Accounts
  3. Bookkeeping: Responsibilities
  4. Management Internal Control Essentials
  5. GAAP Principles, Assumptions and Considerations
  6. Bookkeeping: Debits And Credits
  7. Bookkeeping: Cash vs. Accrual
  8. Bookkeeping: Payroll And Expenses
  9. Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
  10. Bookkeeping: Fixed assets and inventory
  11. Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
  12. GAAP Presentation of Financial Statements
  13. Bookkeeping Basics – Case Study Scenario
  14. Financial Statement Introduction
  15. Information Technology (IT) Risks in Emerging Business Environments
  16. Segregation of Duties for Core Business Processes
  17. Useful Bookkeeping Tools

44 Reviews (180 ratings)Reviews

4
Anonymous Author
Information Technology (IT) Risks in Emerging Business Environments provides an overview of the importance of having proper controls in place in relation to Information Technology. In a world where the possibilities are endless and technology reigns supreme, it is crucial to maintain proper internal controls over IT.
5
Anonymous Author
The course provides overview knowledge on IT controls and related frameworks. The instructor uses practical examples, stories to make the concept more easy for understanding. I wish there were more examples of IT controls over things like data, privileged accounts, cyber securities,...
4
Member's Profile
I think the concepts of IT controls were very well explained. Also the relation between COSO and COBIT was very well explained.I would have appreciated listing of IT controls over new technologies like cloud, data and applications on remote devices etc.
5
Anonymous Author
Great course over COSO and Cobit and the similarities and differences between the two. Ability to assess the difference between Information Technology General Controls and Application Controls. Great concise course and well presented.
5
Anonymous Author
Как всегда, все было замечательно. Тема трудная, требует серьезного подхода и серьезного преподавателя. Спасибо
4
Member's Profile
simple, easy to understand and follow. This is an area that I will be getting more involved in and this course provided great technical background and "why" it needs to be done
5
Member's Profile
Great overview of IT controls within a business. It provides a good foundation for IT controls, and provides explanation of the different frameworks around IT controls
4
Anonymous Author
Courses covers an overview of IT controls for both applications as well as general/IT environment controls, their differences as well as governing bodies.
5
Anonymous Author
I really enjoy the classes offered by this instructor. She uses real world examples and provides practical stories to support the underlining concept.
5
Anonymous Author
I would love to see more courses like this one, because information technology tends to be an uncomfortable realm for a majority of internal auditors.
4
Anonymous Author
Another great course from Lynn Fountain provides insight and experience relevant to the presentation topic. fast-moving and concise, a great course!
5
Member's Profile
Really appreciate the detail provided in this course. Food for thought when developing internal controls around business processes and IT functions.
5
Anonymous Author
Excellent presentation by Lynn. The course is intense and gives you a lot of information to digest. The slides are useful in study process.
5
Anonymous Author
This was a good refresher of some concepts I have not looked at in detail in a few years. Thanks, Lynn. You're the best.
5
Anonymous Author
Course provides very good information related to the difference between general controls and application controls.
4
Member's Profile
Presented the distinction between application and general controls and explained the COSO and COBIT Frameworks.
5
Anonymous Author
COSO and COBIT frameworks are clearly presented and supported for the increasing technology in organizations.
5
Member's Profile
I definitely feel like I have a better understanding of the importance of IT controls and COBIT framework.
5
Member's Profile
As someone that is not very knowledgable about IT Controls, it was pretty easy to follow and informative.
4
Anonymous Author
Very detailed course for beginners needing to learn more about IT controls functions in an organization.
4
Anonymous Author
Good course, lots of detailed information on COSO, COBIT, General IT Controls and Application controls.
5
Anonymous Author
The information was very helpful as information technology continues to grow within my organization.
5
Member's Profile
A good addition to the information available on IT General Controls and IT Application controls.
5
Member's Profile
This gave a good overview over internal controls related to technology including COSO and COBIT.
5
Member's Profile
interesting subject, well distributed , good instructor looking forward for the next course
5
Anonymous Author
Again a very good, presentation. Understandable examples. Good link between COSO and COBIT.
5
Member's Profile
This was well detailed while providing very efficient timely lessons of the general topic.
5
Anonymous Author
This was a very good module. I took this as a refresher and found it to be refreshing!
4
Anonymous Author
The speaker provides great insight on the importance of ITGCs and Application Controls
5
Member's Profile
This was a good course. Would recommend anyone needing CISA CPE to take this course.
5
Anonymous Author
This course helped strengthen my understanding of IT general controls fundamentals.
5
Member's Profile
Pretty good basic overview of the IT space from an audit and controls perspective.
5
Anonymous Author
Great course to learn more about emerging risks in business environments.
5
Anonymous Author
This course was educational and useful for understanding COBIT and ITGCs
5
Anonymous Author
Comprehensive coverage, good clear instruction related to real world.
5
Anonymous Author
Excellent course. The COSO and COBIT basics were covered very well.
4
Anonymous Author
This course effectively covered the stated learning objectives.
4
Anonymous Author
Thorough well laid out explanation of COSO & COBIT charters.
3
Anonymous Author
well thought out and acceptable for cpe review purposes
4
Anonymous Author
This is a understanding high level of COSO and COBIT.
4
Anonymous Author
Interesting course with a lot of good information.
Anonymous Author
Interesting focus on IT controls.
5
Anonymous Author
Very concise.
5
Member's Profile
Great!

Prerequisites

Course Complexity: Advanced

No Advanced Preparation or Prerequisites are needed for this course. 

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION and OVERVIEW
  7:40Introduction to IT Risks in Emerging Business Environments
IT Risks
  8:32IT System Definition and Benefits of Internal Control
  15:43IT Governance
  10:39Performance Management
  7:28Coso and Information Technology
  9:45Coso Link Risk Assessment
  8:44IT Control Framework Cobit
  14:11IT General Controls
  10:24Application Controls
CONCLUSION
  2:54Summary
CONTINUOUS PLAY
  1:36:00IT Risks in Emerging Business Environments
SUPPORTING MATERIALS
  PDFSlides: Information Technology (IT) Risks in Emerging Business Environments
  PDFInformation Technology (IT) Risks in Emerging Business Environments Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM