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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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.

Information technology controls

The objectives of general controls are to ensure the proper conrols and implementation of applications, the integrity of program and data files and of computer operations. IT departments in organizations are often led by a Chief Information Officer CIOwho is responsible for ensuring effective information technology controls are utilized.

In addition, Statements on Ithc Standards No. The objectives of ITGCs are to ensure the proper development and implementation of applications, as well as the integrity of programs, data files, and computer operations. Public companies must disclose changes in their financial condition or operations in real time to protect investors from delayed reporting of material events.

To comply with Sectionorganizations should assess their technological capabilities in the following categories:. In addition, organizations should be prepared to defend the quality of their records management program RM ; comprehensiveness of RM i. Financial accounting and enterprise resource planning systems are integrated in the initiating, authorizing, processing, and reporting of financial data and may be involved in Sarbanes-Oxley compliance, to the extent they mitigate specific financial risks.


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.

Fines and imprisonment for those who knowingly and willfully violate this section with respect to 1 destruction, alteration, or falsification of records in federal investigations and bankruptcy and 2 destruction of corporate audit records. 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 By using this site, you agree to the Terms of Use and Privacy Policy.

ITGC – Wikipedia

They are a subset of an enterprise’s internal control. 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.

IT controls are often described in two categories: IT general controls ITGC are controls that apply to all systems, components, processes, and data for a given organization or information technology IT environment.

In conjunction with document retention, another issue is that of the security of storage media and how well electronic documents are protected for both current and future use. It also recommends best practices and methods of evaluation of an enterprise’s IT controls. Views Read Edit View history. To remediate and control spreadsheets, public organizations may implement controls such as:.


By using this site, you agree to the Terms of Use and Privacy Policy. IT application or program controls are fully automated i.

This scoping decision is part of the entity’s SOX top-down risk assessment. ITGC usually include the following types of controls:. Auditing Information technology audit.

From Wikipedia, the free encyclopedia. Examples of general controls include the development and implementation of an IS strategy and an IS security policy, the organization of IS staff to separate conflicting duties and planning for contfols prevention and recovery.

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. Responsibility for control over spreadsheets is a shared responsibility with the business users and IT.

Views Read Edit View history. Retrieved from ” https: Please improve this by adding secondary or tertiary sources. Section of Sarbanes-Oxley requires public companies and their public accounting firms to maintain all audit or review work papers for a period of five years from the end of the fiscal period in which the audit or review was concluded.

ITGC include itgf over the Information Technology IT environment, computer operations, access to programs and data, vontrols development and program changes.