This course is designed for auditors with little or no financial or information systems audit experience, and explores the following questions:

• What is the purpose of the FISCAM?

• Who should use the FISCAM

• How does the FISCAM relate to the Financial Audit Manual and financial audits?

Upon completion of this course, the participant will be able to:

• Describe the audit criteria that forms the basis for the FISCAM,

• Describe the FISCAM audit methodology,

• Describe the process of planning an audit using FISCAM,

• Describe and understand the critical internal controls elements of a general control audit including entity wide security programs, access controls, application software development, system software, segregation of duties, and service continuity, and

• Describe and understand how weakness in information systems internal controls affect the financial statement audits.

Financial and Information Systems auditors, with little or no experience.

Prerequisite: None

Field of Study: Accounting and Auditing