Presentation
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Revised CAS 315 is the fundamental standard in performing audits and identifying and assessing the risk of material misstatement. The standard has been modernized to include the requirement for an auditor to understand a client’s IT environment and identify the risks arising from the use of IT. This can pose a significant challenge for auditors who have not been trained in IT.
This course has been designed to consider IT risks and GITCs from the auditor’s point of view. In the session, auditors will develop an approach to gaining a deeper understanding of their client’s IT landscape by enabling them to ask the right questions. We will explore various aspects of a client’s IT environment including applications, infrastructure and processes and their impact on the audit. We will also discuss GITC concepts, how GITC risks relate to the IT environment and when design and implementation of GITCs is required.
The primary objective of this course is to equip auditors, even those without formal IT training, with the tools and knowledge to assess the IT environment, and the risks arising from the use of IT, effectively. Practical insights, real-world case studies, and documentation guidance will be provided to bridge the gap between auditing and IT expertise.
Kirsten has over 30 years of experience in public practice and uses her knowledge and expertise to provide practical solutions to help firms meet the requirements of being in public practice.
Kirsten gained her experience in public practice as an assurance partner at PricewaterhouseCoopers LLP. She was the partner on many public and private companies operating in a variety of industries. Her clients included Air Canada, Northwest Company and Winpak. Kirsten has a strong technical background and the ability to deal with complex matters. It is this experience she now brings to her clients.
She has in-depth technical knowledge as she has faced extensive assurance and accounting issues. There are very few issues she has not encountered. And, having been subject to many internal and external file inspections she knows the challenges SMPs can encounter and appreciates where they can save time without sacrificing quality. When resolving issues, Kirsten is known for her practical approach and ability to provide useful advice. She is a good sounding board and helps practitioners address risk and make practical business decisions.
