In complex system environments, audit functions tend to maintain across-the-board technical capabilities. This tendency can greatly boost the overall departmental cost for the organization. Utilizing BDO for your IT audit needs can significantly reduce your organization’s IT audit costs by having experienced resources available for your organization on an as-needed basis.
Ultimately, the audit plan for the IT audit universe is driven by the risks attributable to your organization. These risks are typically identified during the risk assessment process. Examples of projects that our IT audit resources have worked on in the past include but are not limited to:
Why BDO?
Seeking an IT risk assessment? Contact a BDO representative today.
Ultimately, the audit plan for the IT audit universe is driven by the risks attributable to your organization. These risks are typically identified during the risk assessment process. Examples of projects that our IT audit resources have worked on in the past include but are not limited to:
- IT Risk Assessment
- Change Management Process
- IT SOX Services
- Program Development (SDLC)
- Cybersecurity Audits
- Disaster Recovery
- Segregation of Duties Assessment
- Incident and Problem Management
- Application Security Assessment
- Sensitive Data Protection
- Pre- and Post-Implementation Reviews
- Cloud Computing Audits
Why BDO?
- Reduce costs — A typical IT audit can greatly boost your organization’s departmental cost. BDO does things differently, offering IT audit resources as needed to keep costs low.
- Access experienced resources — Have questions? Our team is ready to provide answers and insights as questions arise.
Seeking an IT risk assessment? Contact a BDO representative today.
BDO is qualified and prepared to be your IT SOX provider. Since September 2002, we have been providing services to companies determining how to respond to SOX and assisting them in documenting their IT processes, risks and critical controls, as well as conducting testing and reporting results. We have an established, successful SOX methodology that integrates entity level, process and IT controls for a seamless, comprehensive approach in assessing a company’s control environment. Our SOX approach strives to:
Your approach to SOX is crucial. Allow BDO to assist. Contact a representative today.
- Understand the financial statement risks and help ensure that proper IT controls are in place
- Help optimize business processes and the underlying IT infrastructure and controls
- Help ensure that the controls are easy to evidence and focus on continuous compliance
- Work closely with IT and external auditors to streamline the process
- Achieve continuous compliance — BDO’s experience with SOX projects and our organized approach help ensure continuous compliance.
- Optimize processes — We take the time to understand your IT infrastructure and controls to help develop the ideal SOX approach for your organization.
Your approach to SOX is crucial. Allow BDO to assist. Contact a representative today.
The IT risk assessment provides management with an evaluation of IT-related elements and their potential impact to the five following business areas:
In addition, the following IT risk areas will also be assessed for each entity:
The purpose of this IT risk assessment is two-fold:
BDO follows a standard four-step risk assessment methodology that is based on the Institute of Internal Auditors (IIA) and Information Systems Audit and Control Association (ISACA) recommended best practices for IT risk assessments. This process helps ensure that the foundation of the IT audit plan is based on the organization’s objectives, strategies and business model:
Why BDO?
Seeking an accurate assessment of IT risk? BDO can help. Contact a representative today.
- Strategy
- Financial
- Reputational
- Compliance
- Operational
In addition, the following IT risk areas will also be assessed for each entity:
- Major changes to the entity
- Availability
- Integrity
- Confidentiality
The purpose of this IT risk assessment is two-fold:
- Identify risks that IT presents to the business that could adversely affect the business.
- Identify the IT audit universe, examine the IT auditable units, and select areas with the greatest risk exposure to review and include in the three-to-five-year IT audit plan.
BDO follows a standard four-step risk assessment methodology that is based on the Institute of Internal Auditors (IIA) and Information Systems Audit and Control Association (ISACA) recommended best practices for IT risk assessments. This process helps ensure that the foundation of the IT audit plan is based on the organization’s objectives, strategies and business model:
- Understand the business
- Define the IT universe
- Perform the IT risk assessment
- Develop the IT audit plan
Why BDO?
- Benefit from a comprehensive approach to IT risk — BDO understands the role IT plays in supporting business functions and takes all areas into account when assessing risk.
- Align your audit plan with business objectives — We develop an IT audit plan according to your unique objectives, strategies and business model.
Seeking an accurate assessment of IT risk? BDO can help. Contact a representative today.
BDO IT Risk Advisory professionals are certified in various cybersecurity frameworks and methodologies. At BDO we perform various internal audits and assessments around cybersecurity risks and controls to evaluate how your organization is keeping up with the ever-changing world of cyber risk. BDO IT RAS has experience with NIST 800-XX, ISO 27000, CMMC and countless other cyber frameworks and methodologies. Our approach to assess your organizations cyber risk is outlined below.
BDO can help your team stay ahead of evolving cyber risks. Contact a representative today.
BDO can help your team stay ahead of evolving cyber risks. Contact a representative today.
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Meet Our IT Risk Advisory Leader
Jamey Loupe
IT Risk Advisory Services Managing Director