Information Systems Audit-Related Designations

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In this slidecast, Michael Lin provides an overview on the role of information systems (IS) audits, available IS audit-related designations, and the benefits of attaining or hiring individuals with these designations. He also attempts to provide some guidelines on how an IS audit professional should pursue such designations.

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Information Systems Audit-Related Designations

  1. 1. Information Systems audit-related designations<br />ACC 626: Final Report Slidecast<br />Delivered by: Michael Lin<br />
  2. 2. Information System (IS) Audit...<br />Profession traditionally concerned with audit<br />Increased complexity in IS ingrained in business processes<br />Old requirements + New complexity = Need for new expertise<br />
  3. 3. ...-Related Designations<br />Expertise:<br />Specialists?<br />Standardization?<br />In response, professional associations created IS audit-related designations<br />
  4. 4. Overview<br />Role of IS Audits<br />Overview of IS Audit-Related Designations<br />Benefits of Certification – For the Professional<br />Benefits of Certification – For the Organization<br />Guidelines for the Pursuit of IS Audit-Related Designations<br />
  5. 5. Role of IS Audits<br />Need to understand role of IS audits in today’s business environment<br />Role relates to efficiently and effectively conducting audits in the context of complex IS<br />Some audit types where IS audit is employed:<br />Audit of Financial Statements<br />Section 5970 Audits<br />Trust Services<br />Internal Audit<br />
  6. 6. Role of IS Audits (Cont’d)<br />Audit of Financial Statements<br />IS traditionally used to record, process, and summarize transactions for financial statement generation<br />IS increasingly used for other critical business processes in an integrated manner<br />Section 5970 Audits<br />IS utilized for service delivery<br />IS includes many embedded controls<br />
  7. 7. Role of IS Audits (Cont’d)<br />Trust Services<br />Security, availability, processing integrity, confidentiality, and privacy<br />IS clearly important<br />Internal Audit<br />Not external reporting, delivers value in various ways<br />IS may be extensively utilized in business processes<br />i.e. Both internal and external audit may involve IS audit<br />
  8. 8. Overview of IS Audit-Related Designations<br />Extensive number of relevant designations, with some very specialized differences<br />To examine:<br />Major designations in discipline<br />Some classifications of other related designations<br />
  9. 9. Certified Information Systems Auditor (CISA)<br />Single most relevant designation for IS audit<br />Flagship designation for ISACA (actual name), with over more than 85,000 professionals in nearly 160 countries<br />“...for those who audit, control, monitor and assess an organization’s IT and business systems”<br />
  10. 10. CISA (Cont’d)<br />Five job practice domains<br />Domain 1—The Process of Auditing Information Systems (14%)<br />Domain 2—Governance and Management of IT (14%)<br />Domain 3—Information Systems Acquisition, Development and Implementation (19%)<br />Domain 4—Information Systems Operations, Maintenance and Support (23%)<br />Domain 5—Protection of Information Assets (30%)<br />
  11. 11. Certified Information Security Manager (CISM)<br />Second most popular designation offered by ISACA with 16,000 professionals<br />“...for individuals who design, build and manage enterprise information security programs”, with a high-level management focus<br />
  12. 12. CISM (Cont’d)<br />Five job practice domains<br />Domain 1—Information Security Governance (23%)<br />Domain 2—Information Risk Management (22%)<br />Domain 3—Information Security Program Development (17%)<br />Domain 4—Information Security Program Management (24%)<br />Domain 5—Incident Management & Response (14%)<br />
  13. 13. Certified Information Systems Security Professional (CISSP)<br />Offered by the International Information Systems Security Certification Consortium (ISC)2<br />For “professionals who develop policies and procedures in information security”<br />Offers concentrations in Architecture, Engineering, and Management<br />
  14. 14. CISSP (Cont’d)<br />Ten domains of knowledge:<br />Access Control <br />Application Development Security <br />Business Continuity and Disaster Recovery Planning <br />Cryptography <br />Information Security Governance and Risk Management <br />Legal, Regulations, Investigations and Compliance <br />Operations Security <br />Physical (Environmental) Security <br />Security Architecture and Design <br />Telecommunications and Network Security<br />
  15. 15. Other Designations – IS and IT<br />Designations in IS and IT generally (i.e. not necessarily directly related to audit)<br />Benefits IS audit professionals through provision of general background knowledge or specific area expertise<br />Three potential categories:<br />General focus, e.g. I.S.P.<br />Specific organizational focus, e.g. CGEIT, CAP<br />Specific technical focus, e.g. C|EH, CSFA, GCIH <br />
  16. 16. Other Designations - Accounting<br />Designations in accounting related to audit (i.e. non-technical)<br />Benefits IS professionals through audit-related expertise<br />In Canada:<br />CA<br />CMA<br />CGA<br />CIA<br />
  17. 17. Benefits of Certification – For the Professional<br />Up to professional to pursue and attain designations<br />Professional associations offering certifications have very positive view:<br />Improved career prospects<br />Demonstrate working knowledge and commitment<br />Career differentiator, marketability<br />Access to resources, such as networking<br />
  18. 18. Benefits of Certification – For the Professional (Cont’d)<br />Another view:<br />Certifications still good way to show interest or seriousness about career<br />But, in many cases:<br />Need certifications to keep jobs<br />Competing individuals in job market have same certifications<br />Need certifications just to get past resume search engines<br />No long a source of competitive advantage<br />
  19. 19. Benefits of Certification – For the Organization<br />Organizations can influence professional pursuit of certifications through hiring, retention, and promotion policies<br />Professional associations’ positive view:<br />Benefits to professionals extended to employers<br />Establish standard of best practices<br />Enable a broader perspective, including both business and technology<br />
  20. 20. Benefits of Certification – For the Organization (Cont’d)<br />The literature agrees<br />IS professionals help align IT with business priorities<br />IT audits generate value for companies through third-party regular evaluation of information security policies and architecture<br />Benefits apply to external as well as internal audit<br />External auditors: fees and costs<br />Internal and external IS audit are related<br />
  21. 21. Guidelines for the Pursuit of IS Audit-Related Designations<br />IS audit-related designations provide clear benefits, but has costs<br />Financial costs, i.e. Fees and materials<br />Non-financial costs, i.e. Time and dedication<br />Too many designations may even cause employers to find the resume unattractive<br />Should not pursue as many designations as possible<br />Return on investment<br />
  22. 22. Guidelines ... (Cont’d)<br />Long-term approach<br />Make a career plan and map in certifications, time, and effort<br />Some specific considerations<br />General vs. specialized designations<br />IT or accounting designations<br />
  23. 23. Concluding Remarks – Key Takeaways<br />Continuing trend in IS<br />IS audit-related designations:<br />are relevant and add value,<br />but becoming necessity rather than advantage<br />Professionals need to take long-term career plan-based approach<br />
  24. 24. Thank you<br />Questions and Comments<br />Are welcome<br />

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