Hi thank you sir for this brief overview. I'm new to this field and still learning. Could you tell me please as a CISA doing IT audits, would I be focusing on the internal controls rather than the content of the financial reports themselves, which would require accounting knowledge? I'm trying to understand the differences between the role of a CAE or CIA vs CISA in relation to SOX regulations.
Absolutely, I can help clarify the roles and differences for you. As a Certified Information Systems Auditor (CISA) specializing in IT audits, your primary focus is indeed on evaluating and ensuring the effectiveness of internal controls related to information systems and technology within an organization. This includes assessing the reliability of financial data generated by these systems but not necessarily the content or accuracy of the financial reports themselves, which would typically fall under the purview of a Certified Public Accountant (CPA) or Chartered Accountant (CA) with a background in auditing. Now, let's differentiate between the roles you've mentioned: CISA (Certified Information Systems Auditor): Focus: Information systems and technology. Responsibilities: Evaluating internal controls, assessing IT risks, ensuring compliance with regulations and standards (such as SOX), and providing recommendations for improving IT processes and security. In relation to SOX (Sarbanes-Oxley Act): Ensuring that IT controls related to financial reporting are effective and compliant with SOX requirements. CAE (Chief Audit Executive): Focus: Overall internal audit function. Responsibilities: Leading and managing the internal audit department, overseeing audit activities across various functions including financial, operational, and compliance audits, and reporting findings and recommendations to senior management and the board of directors. In relation to SOX: Ensuring the overall effectiveness of internal controls, including those related to financial reporting, to comply with SOX requirements. CIA (Certified Internal Auditor): Focus: Internal audit profession. Responsibilities: Conducting internal audits across different areas of an organization, including financial, operational, and compliance audits, evaluating internal controls, assessing risks, and providing assurance to management on the effectiveness of governance processes. In relation to SOX: Contributing to the assessment of internal controls related to financial reporting, which is a key aspect of SOX compliance. In summary, as a CISA, your primary focus would be on IT audits and ensuring the effectiveness of IT controls, including those related to financial reporting required by regulations like SOX. You would work alongside CAEs, CIAs, and other professionals to collectively ensure the overall integrity and compliance of an organization's operations and reporting processes.
@@LearnITSecuritywithLuvJohar Wow. Thank you so much for that detailed explanation which has clarified the landscape very well and help put me on the right career path towards pursuing the CISA since I want to focus on IT controls. This is the first of your videos I have watched and I hope to learn more from your other content. Thank you again for taking the time to respond.
i got 70 marks in CA final ISCA in Nov 2017. Now once again I visited your channel for the sox compliance playlist. 🙏
thanks, please keep watching and share if you like this video :)
Hi thank you sir for this brief overview. I'm new to this field and still learning. Could you tell me please as a CISA doing IT audits, would I be focusing on the internal controls rather than the content of the financial reports themselves, which would require accounting knowledge? I'm trying to understand the differences between the role of a CAE or CIA vs CISA in relation to SOX regulations.
Absolutely, I can help clarify the roles and differences for you. As a Certified Information Systems Auditor (CISA) specializing in IT audits, your primary focus is indeed on evaluating and ensuring the effectiveness of internal controls related to information systems and technology within an organization. This includes assessing the reliability of financial data generated by these systems but not necessarily the content or accuracy of the financial reports themselves, which would typically fall under the purview of a Certified Public Accountant (CPA) or Chartered Accountant (CA) with a background in auditing.
Now, let's differentiate between the roles you've mentioned:
CISA (Certified Information Systems Auditor):
Focus: Information systems and technology.
Responsibilities: Evaluating internal controls, assessing IT risks, ensuring compliance with regulations and standards (such as SOX), and providing recommendations for improving IT processes and security.
In relation to SOX (Sarbanes-Oxley Act): Ensuring that IT controls related to financial reporting are effective and compliant with SOX requirements.
CAE (Chief Audit Executive):
Focus: Overall internal audit function.
Responsibilities: Leading and managing the internal audit department, overseeing audit activities across various functions including financial, operational, and compliance audits, and reporting findings and recommendations to senior management and the board of directors.
In relation to SOX: Ensuring the overall effectiveness of internal controls, including those related to financial reporting, to comply with SOX requirements.
CIA (Certified Internal Auditor):
Focus: Internal audit profession.
Responsibilities: Conducting internal audits across different areas of an organization, including financial, operational, and compliance audits, evaluating internal controls, assessing risks, and providing assurance to management on the effectiveness of governance processes.
In relation to SOX: Contributing to the assessment of internal controls related to financial reporting, which is a key aspect of SOX compliance.
In summary, as a CISA, your primary focus would be on IT audits and ensuring the effectiveness of IT controls, including those related to financial reporting required by regulations like SOX. You would work alongside CAEs, CIAs, and other professionals to collectively ensure the overall integrity and compliance of an organization's operations and reporting processes.
@@LearnITSecuritywithLuvJohar Wow. Thank you so much for that detailed explanation which has clarified the landscape very well and help put me on the right career path towards pursuing the CISA since I want to focus on IT controls. This is the first of your videos I have watched and I hope to learn more from your other content. Thank you again for taking the time to respond.
Really Excellent just 10 minute video i understand very clear and easy way thanks for this... Lovely 🙂
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Can you make this slide deck to be easy for download,if possible? Or can provide link from where can be downloaded
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Thank you sir It is extremely helpful and informative
thanks for watching!
Thank you for the video! Short but informative!
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Extremely helpful and well spoken, thanks!
thanks for watching!!
Totally relevant content
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I need an example of a project that I can explain to the Hiring Manager . Thank you.
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Super duper Thanks for this
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Awesome job!!
Thanks 🤗 please share these videos and help me grow this channel
Very nice Sir
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