In this session, we will discuss the rapid increase in cyber-attacks as well as how their frequency, severity, and impacts have caused organizations to implement measures and controls to protect their critical IT systems and data.
Course ID: CAAC
Cybersecurity: Accounting & Audit Consequences
Learning Objectives
Upon completion of this course participants will be able to:
- Recognize that even effective IT controls can be bypassed by hackers and rogue employees posing a serious risk to existing accounting and internal control.
- Recall how the business process automation and growing reliance on digital data as the single source of support is causing financial statement auditors to consider the relevance of cybersecurity risks in relation to the financial statement and annual reporting, which is calling for a change in the approach to IT audits to include a risk-based cybersecurity assessment in the technical domain of their auditees.
- Distinguish between the well-known Understanding of IT activities from the Understanding of Cyber.
Major Topics
- Cybersecurity horror stories
- Cybersecurity is the responsibility of everyone within the organization
- Understanding IT vs Understanding Cyber
- Auditor’s Current Obligation for Cyber
- Alternative Services CPAs can offer
Who Should Attend
Any accounting professional that is concerned with cybersecurity issues.
Fields of Study
Auditing (Governmental)Prerequisites
None