Audits have been conducted for many years. Many years ago, audits were performed using paper as evidence. Financial statement preparation has undergone a massive change since the introduction of computers. As such, one can no longer perform an audit without thinking about IT. In performing a financial statement audit - IT must be incorporated into the audit. Managers can benefit greatly from knowing what the auditors are expected to do.

This audio conference will not cover the technical aspects of IT; rather it will cover what elements of IT should be considered when performing an audit or being audited. The following questions shall be addressed:
1. When should IT be incorporated into the audit?
2. As a Program Manager, what should I look for in the external auditors' materials?
3. As a Program Manager, what should be in place and included in the audit to ensure that our department or organization is doing what is necessary?
4. What laws, regulations, etc. arise when concerning IT in an audit?
5. Are there any resources for Program Managers to ensure that the regulations are being followed?
6. What IT methodologies are there and how do I get a copy?
7. How much of the audit budget should be allocated to IT?
8. Am I always required to consider IT?
9. Are Program Managers required to have IT staff and how should they be trained?

Some of the regulatory areas that will also be addressed include SAS 55; SAS 99; SAS 103 - SAS 112; CFO Act of 1990; Accountability of Tax Dollars Act of 2002; OMB A-50, 123, 127, 130, and 133; GAGAS and FISCAM, CoBIT

To share his expertise in IT auditing is Jack Heyman, CGFM, CISA, CPA, who has nearly 15 years of technical and leadership experience providing internal controls, systems auditing, consulting, financial auditing and accounting services to Fortune 500 companies, accounting and consulting firms, and government agencies. Jack is a solution provider with extensive experience assessing, planning, staffing and managing engagements for a diverse range of clients.