Summary of "Getting Started With: IT Audit"

The video provides an introductory overview of IT auditing, focusing on key stakeholders, control categories, frameworks, and objectives. It aims to demystify IT Audit for those unfamiliar with technology systems and highlights the value that internal auditors can bring to organizations.

Main Ideas and Concepts:

Stakeholders in IT Audit:
- Identifying key stakeholders is crucial for IT auditors. Common roles include:
  - Chief Information Officer (CIO)
  - Chief Technology Officer (CTO)
  - Chief Information Security Officer (CISO)
  - Chief Data Officer (CDO)
  - Chief Privacy Officer (CPO)
- Responsibilities vary by organization size and sector.
Types of IT Controls:
- IT General Controls (ITGC):
  - Apply to all systems (e.g., password policies, user access reviews).
  - Ensure physical security and system integrity.
- IT Application Controls (ITAC):
  - Specific to individual IT systems or applications (e.g., ensuring proper permissions in financial software).
  - Help maintain data accuracy and prevent unauthorized actions.
CIA Triad:
- Stands for Confidentiality, Integrity, and Availability—key principles in information security and IT controls.
Key Terms:
- On-Premises vs. Off-Premises: Refers to where data and assets are stored (in-house vs. cloud).
- Production vs. Development Environments: Production is the live environment; development is for testing changes without affecting live operations.
IT Control Frameworks:
- Frameworks such as NIST, COBIT, HITRUST, and ISO 27001 provide guidelines for establishing IT controls.
- Organizations may adopt these frameworks based on size, maturity, and strategy.
Objectives of IT Audits:
- Verify the effectiveness of IT controls and governance.
- Ensure compliance with laws and regulations regarding data protection.
- Identify and remediate vulnerabilities, and manage patch updates.

Methodology/Instructions:

Identify Stakeholders:
- Research and understand the roles of key stakeholders in your organization.
Understand Control Types:
- Differentiating between ITGCs and ITACs and their applications in your audit.
Learn Key Terms:
- Familiarize yourself with important terminology related to IT auditing.
Study Control Frameworks:
- Determine which frameworks your organization follows and pursue relevant certifications.
Set Audit Objectives:
- Define clear objectives for your IT Audit, focusing on risk mitigation and compliance.