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Ethics and the IT Auditor

Ethics and the IT Auditor:

Jill Mathews, an IT audit senior for a global insurance company, was recently asked to perform an IT audit of the company's new cloud computing and virtualization migration plan. Her Manager asks that she perform the audit in the next four weeks. She is not familiar with these new technologies, and is worried about being able to complete the requirements of this audit. What are the ethical considerations and requirements Jill should consider?

Audit Standards - Independence:

The IT Audit Director is responsible for monitoring the weekly security access control report and can instruct the security administration team to make access related changes to user IDs and profiles based on her risk analysis. Explain why this is or is not an appropriately designed control procedure.

HINT: Think critically about the audit profession's professional standards regarding independence.

Solution Preview

In Jill's case it is recommended that she either do some serious research about Cloud computing so she can make an informed decision, or tell her boss that she is not familiar with that area of technology and will need some extra time to do some research so she can produce an accurate audit. The reasoning behind my response is this, auditors are highly important in a company because many companies make informed financial decisions worth millions of dollars based on the feedback given by auditors. An internal auditor provides an independent report to the company that is designed to add value, and improve organizations operations. If Jill was to go ahead and complete the audit despite not knowing much about cloud computing and her boss was to make important decisions based on the audit report, if the report is inaccurate, it could cost the companies thousands of dollars. Therefore, ...

Solution Summary

In Jill's case it is recommended that she either do some serious research about Cloud computing so she can make an informed decision, or tell her boss that she is not familiar with that area of technology and will need some extra time to do some research so she can...

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