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Courses/Audit & Assurance/Risk Management

Mitigating IT Risks through Effective Control

Strategies for Effective Governance and Risk Management

Created byOsman Qazi, CPA, CGA, CISA, CIA, PMP, ACCA
4.6
(211 reviews)
BeginnerUpdated May 4, 2023
Mitigating IT Risks through Effective Control

What You'll Learn

check_circleUnderstand the evolution of IT audit and its importance in auditing processes, systems, controls, and resources related to IT.
check_circleDescribe the fundamentals of IT auditing, including the IT environment, identifying IT risks, planning and scoping the audit, performing fieldwork, and reporting audit findings.
check_circleExplain internal audit's obligation in regard to IT and risk and control and identify the skills and expertise required for internal auditors and IT auditors.
check_circleDescribe global technology audit guides (GTECs) and their value for internal auditors.
check_circleCompare and contrast internal audit and IT audit, and understand the differences in skills, expertise, and regulations affecting the work of each.
check_circleUnderstand the importance of IT controls and frameworks and identify examples of commonly used frameworks, standards, and controls.

About This Course

This course provides an introduction to IT audit and value for money auditing, the fundamentals of IT auditing, internal audit's obligation in regard to IT and risk and control, global technology audit guides (GTECs), similarities and differences between internal audit and IT audit, and IT controls and frameworks. It covers essential concepts and practices that enable students to understand how IT audit helps in assessing risks and evaluating IT controls.

The course explores the intersection of internal audit and IT audit functions, the use of global frameworks like COBIT and ISO 27001, and how to address today’s most pressing IT risks including cybersecurity, cloud vulnerabilities, and digital transformation.

Designed for internal auditors, finance professionals, and compliance officers, the course empowers attendees to engage confidently with IT audit processes and contribute to performance-driven insights.


Topics List:
  • What Is an IT Audit?
  • The Role of IT Audits in Performance and Value-for-Money Reviews
  • Fundamentals of IT Auditing: Scope, Planning, and Execution
  • Understanding the IT Environment and Identifying IT Risks
  • Internal Audit’s Responsibility in the IT Landscape
  • AI, Cybersecurity, and Emerging Technologies in Auditing
  • Using Global Technology Audit Guides (GTAGs) and ISACA Resources
  • Internal Audit vs. IT Audit: Similarities and Differences
  • Key IT Controls and Control Frameworks (COSO, COBIT, NIST)
  • Conducting Effective IT Risk Assessments
  • Top IT Risks: Cybersecurity, Cloud, Compliance, and More
  • IT Audit Planning, Reporting, and Follow-Up
  • Future of IT Audit: Strategic Advisory and Performance Focus

 

Your Instructors

Osman Qazi, CPA, CGA, CISA, CIA, PMP, ACCA
Osman Qazi, CPA, CGA, CISA, CIA, PMP, ACCA

IT Audit Expert at State Audit Bureau of Qatar

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star368 reviews

IT Audit Expert at the State Audit Bureau of Qatar with over 17 years of experience in financial, internal, IT and Value For Money (Performance) auditing. Specialties: Value For Money auditing, Performance Audits, IT Audits, Automated Application Controls and Internal Audit. Osman Qazi is an IT Audit Expert with extensive experience in the public sector. He has been working at the State Audit Bureau of Qatar since July 2017, where he was initially tasked with establishing the IT audit department. Osman is responsible for performing IT risk assessment exercises to identify high-risk areas for IT audits and planning and executing audits in accordance with relevant standards such as INTOSAI, COBIT 5, AICPA, NIA framework, and ISO 27001. He identifies staffing and resourcing requirements based on the annual audit plan and directs, instructs, and coaches junior team members assigned to IT audits, ensuring the sufficiency of scope and quality of their work. Additionally, Osman evaluates the performance and capabilities of junior team members who worked under his direction during the IT audits and keeps himself updated with the latest trends in Information Technology and assesses their impact on future audits. Prior to joining the State Audit Bureau of Qatar, Osman worked at the Office of the Auditor General of Ontario (OAGO) in Canada, where he served as Audit Director and IT Audit Manager from October 2016 to June 2017 and April 2015 to September 2016, respectively. As Audit Director, Osman led the IT audit function of the office, while as Manager IT Audits, he led the IT audit function of the OAGO. In both roles, he performed IT risk assessment exercises, identified the IT support requirements for the Office's financial and value-for-money audits, and evaluated and identified an appropriate data analytics tool for use on IT audits. He also planned and executed audits in accordance with public sector standards, identified staffing and resourcing requirements based on the annual audit plan, directed, instructed, and coached junior team members assigned to the IT audits, and reviewed their work for sufficiency of scope and quality. Additionally, Osman evaluated the performance and capabilities of junior team members who worked under his direction during the IT audit and presented to the Auditor General, Assistant Auditor General, and Deputy Ministers regarding IT findings. Osman is a skilled IT Auditor with experience in system implementations, as evidenced by his work at the Office of the Auditor General of Ontario, where he reviewed processes and controls in IT-relevant areas to determine the nature of the processes and the adequacy of the system of control to achieve established objectives. He also planned and executed audits in accordance with accepted standards such as ISA, ISO, COBIT, COSO, SSAE16, and SysTrust.

Carl Braun
Carl Braun

PODCAST HOST | LEARNFORMULA

Business Solutions Manager from October 2019 to present Area Manager - Workforce Solutions Rural Capital Area from May 2019 to October 2019. Responsible for directing the efforts of an 8 person Business Consulting Team for the nine-county Rural Capital Area (the 9 counties that surround Austin (Travis). Deliver business services to more than 10,000 employers annually including access to grants, pandemic funding, training, recruitment and retention strategies and more. Work closely with other Workforce Boards, Texas Veterans Commission and Texas Vocational Rehabilitation Services. Established the Rural Capital Neurodiversity Project with VR partners. As a USAF veteran I closely support TVC intiatives and have two TVC Business Reps working with my team to serve our veterans and their families. Directing the efforts of the WSRCA Hiring Red, White and You Career Event both online and in Round Rock and San Marcos. After 10 years of growing Cross-Post LLC from zero to more than 250 clients we sold the company to Recruitology (Aftercollege Inc), Previously as CEO and co-founder of Cross-Post LLC, I was responsible for assisting 250+ newspaper clients like The Washington Post, The Seattle Times and the Milwaukee Journal Sentinel in offering recruitment products that grow revenue while helping their employer/advertisers fill distinct needs. These are unique upsell or add-on products that employers want and need. In all we had fifteen niche recruitment networks from Trucking to Healthcare, partnering with the leading job boards in the space. Recruitology continue's serving our former clients. Developed some of the first internet job boards in 1996 focusing on recruiting women, minorities and veterans. Sold that company to DiversityInc Magazine in 2001 and remained as their President of the Careers Division until 2003 growing it to more than 4,000 clients. Formerly, SVP of Strategic Recruitment for The Inclusiv Group, a retained executive search firm. 30 year history in recruiting and business development working for companies like Emerson Electric, The St. Paul Travelers and Borden.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.6
Student's Choice
211 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.