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Assessing Data Reliability

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Date(s): Jan 29, 2018 - Jan 30, 2018
Time: 8:30AM - 5:00PM
Registration Fee: $369.00
Cancellation Date: Jan 22, 2018
Location: JOHN M. KEEL LEARNING CENTER
City: Austin

Course Description

Assessing the reliability of computer generated data is an important step in audit planning as well as addressing specific audit objectives.

Data is aggregated from various sources, processed using automated rule sets, and stored in databases, data warehouses, etc. Applications and business users extract or retrieve data as the basis for strategic decisions, reporting, day-to-day operations, and auditing.

This seminar will provide auditors with the concepts and tools to effectively evaluate the reliability of data processed and available for analysis and decision making.


Potential CPE Credits: 16.0
Govt Hours: This class meets 16.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 16.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Classroom
Experience Level: ALL
Category: Auditing

Course Objectives

Upon completion of this course, participants will be able to:

• Understand the requirements of data relevance and data reliability

• Evaluate data classification

• How to introduce good practices for data management

• Identify data integrity requirements

• Assess security and availability requirements

• Evaluate factors that impact data reliability

• Assess risk with respect to data reliability

• Determine the impact of data reliability assessment on developing audit objectives

• Establish audit evidence requirements

• Use data reliability assessment in developing audit procedures

Course Outline

Data Value

• What is data value - Defining data usefulness

 

Defining Data Reliability

• Relevance

• Reliance

• Integrity

• Audit Considerations

 

Operational Requirements for Data Reliability

• Business process requirements

• Legal and compliance requirements

 

Data Management

• Information architecture

• Data classification

• Distinguishing between controls “in place” and “in effect” for reliability

• Data management definition, ownership and custodianship

 

Auditing Data Reliability

• Audit objectives

• Audit evidence - Defining audit evidence

- Evaluating sufficiency of audit evidence

• Evaluating internal controls

• Designing audit procedures

 

Good Practices for Data Management

• Database management

• Database administration

• Change management

• Data security - Access control

- Identity management

- Security management and planning

- User accounts

- Incident management

• Outsourcing

• Business Continuity

 

Impact of Internal Control on Data Reliability

• Control responsibilities

• Factors that impact control

• Technology and controls

• Risk and data reliability

• Reasonable assurance

• Audit framework - Linking controls to objectives

- “Closing the Loop” audit framework

- Control classification

 

Developing Audit Objectives for Data Reliability

• Establishing audit objectives

• Developing criteria

 

Assessing Reliability of Data

• Key focus of the assessment

• Examples of assessments

• The assessment cycle during the audit

 


Prerequisites

No prerequisites required.

Instructors

Jack Malley

Jack Malley is a senior fellow at CPE Interactive.  He has extensive experience in all phases of auditing technology and project management in financial services and other industries.  

Jack has over 35 years’ experience as Vice President of IT Audit at Prudential Insurance and JPMorgan Chase.  While at Coopers and Lybrand (now PwC), he was heavily involved in the development of audit strategies for auditing complex organizations technical environments and was a frequent instructor at many internal and external training programs provided by the Firm.

He started his career as a programmer developing software that was the mainframe equivalent of turbo-tax type applications.   

Throughout his career, Jack leveraged his expertise to streamline audit processes resulting is significant savings in audit time and resources.  He managed many systems development audits and reviews of complex networks, operating systems and Web based applications.  

He is a frequent speaker at conferences and a facilitator at training seminars. 

Jack has a BA in Economics and Accounting from Queens College in New York City.

Additional Information

TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.

If you are making travel plans to come to Austin, we recommend making "refundable" air and hotel reservations or waiting until 14 days before the class to actually book your reservations. Courses are occasionally canceled or rescheduled due to low enrollment. We determine whether a course has enough participants 16 days prior to the course date. If we cancel or reschedule, we will email the participant and his or her billing contact no later than 14 days before the original class date.

The course coordinator will contact you with parking information. Handicapped parking is free at the meters around the downtown area.

Vending machines with Coca-Cola products and various snack items are available. There is also a refrigerator and microwave in our coffee bar area. Feel free to bring in your own drinks and food if you prefer.

You might want to bring a light sweater or jacket, as room temperatures vary.

To see answers to our Frequently Asked Questions, visit http://www.sao.texas.gov/training/faq.html.


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