Updated : Nov 22, 2020 in Personal Growth


Controls (ITGCs) Information Technology (“IT”) environments continue to increase in complexity with ever greater reliance on the information. IT general controls (ITGC) are the basic controls that can be applied to IT systems Logical access controls over applications, data and supporting infrastructure. Effect of ITGC on Application. Controls. • Effective IT general controls: – Help make sure that application controls function effectively over time.

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In conjunction with document retention, another issue is that of the security of storage media and how well electronic documents are iygc for both current and future use. To comply with Sectionorganizations should assess their technological capabilities in the following categories:. Financial spreadsheets are often categorized as end-user computing EUC tools that have historically been absent traditional IT controls.

IT-related issues include policy and standards on record retention, protection and destruction, online storage, audit trails, integration with an enterprise repository, market technology, SOX software and more.

PC-based spreadsheets or databases are often used to provide critical data or calculations related to financial risk areas within the scope of a SOX assessment.

Information technology controls

As external auditors rely to a certain extent on the work of internal audit, it would imply that internal audit records must also comply with Section By using this site, you agree to the Terms of Use and Privacy Policy. It also recommends best practices and methods of evaluation of an enterprise’s IT controls. While there are many IT systems operating within an organization, Sarbanes-Oxley itgcc only focuses on those that are associated with a significant account or related business process and mitigate specific material financial risks.


Section expects organizations to respond to itgcc on the management of SOX content. The five-year record retention requirement means that current technology must be able to support what was stored five years ago.

ITGC – Wikipedia

Companies must also account for changes that occur externally, such as changes by customers or business partners that could materially impact its own financial positioning e. This article is about IT general controls.

IT departments in organizations are often led by a Chief Information Officer CIOwho is responsible for ensuring effective information technology controls are utilized. IT control objectives relate to the confidentiality, integrity, and availability of data and the overall management of the IT function of the business enterprise. In business and accountinginformation technology controls or IT controls are specific activities performed by persons or systems designed to ensure that business objectives are met.

July Learn how and when to remove this template message. ITGC usually include the following types of controls:. Access controls, on the other hand, exist within these applications or within their supporting systems, such as databasesnetworks and operating systemsare equally important, but do not directly align to a financial assertion. Operational processes are documented and practiced demonstrating the origins of data within the balance sheet.

From Wikipedia, the free encyclopedia. They controols support complex calculations and provide significant flexibility.

In considering which controls to include in the program, organizations should recognize that IT controls can have a direct or indirect impact on the financial reporting process. Categories of IT application controls may include:. The objectives of general controls are to ensure the proper development and implementation of applications, the integrity of program and data files and of computer operations.

Retrieved from ” https: IT application controls refer to transaction processing controls, sometimes called “input-processing-output” controls.


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Auditing Information technology audit. Privacy Information technology governance. These controls may also help ensure the privacy and security of data transmitted between applications.

SOX part of United States federal law requires the chief executive and chief financial officers of public companies to attest to the accuracy of financial reports Section and require public companies to establish adequate internal controls over financial reporting Section They are a subset of an enterprise’s internal control. ITGC include controls over the Information Technology IT environment, computer operations, access to programs and data, program development and controks changes. However, with flexibility and power comes the risk of controla, an increased potential for fraud, and misuse for critical spreadsheets not following the software development lifecycle e.

Companies need to determine whether their existing financial systems, such as enterprise resource management applications are capable of providing data in real time, or if the organization will need to add such capabilities or use specialty software to access the data. Views Read Edit View history. From Wikipedia, the free encyclopedia.

Audit data retained today may not be retrievable not because of data degradation, but because of obsolete equipment and storage media.

They help ensure the reliability of data generated by IT systems and support the assertion that systems operate as intended and that output is reliable. This page was last edited on 7 Marchat In addition, organizations should be prepared to defend the quality of their records management program RM ; comprehensiveness of RM i. xontrols