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Wiley CPAexcel Exam Review 2014 Study Guide, Auditing and Attestation by O. Ray Whittington

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Module 41: Information Technology (Supplement)

Because much of the IT information you need to know for auditing relates to IT systems, we have duplicated the material from Module 41 as a supplement to this volume.

Overview

Computers have become the primary means used to process financial accounting information and have resulted in a situation in which auditors must be able to use and understand current information technology. Accordingly, knowledge of information technology implications is included in the Business Environment and Concepts section of the CPA exam. In addition, auditing procedures relating to information technology (IT) are included in the Auditing and Attestation portion of the CPA exam.

A. Information Systems Within a Business

B. Characteristics of IT Systems—General

C. Characteristics of IT Systems—Specific

D. Control Objectives for Information and Related Technology (COBIT)

E. Effect of IT on Internal Control

F. Flowcharting

This module describes various types of information technology and describes the major types of controls that are used to assure the accuracy, completeness, and integrity of technology processed information.

Ideally, to effectively reply to technology-related questions, you should have previously studied or worked in computerized business environments. However, if you do not have this background, we believe that the information in this module should prepare you to perform reasonably well on a typical exam. Keep in mind that the review of these ...

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