Testing Effectiveness of Controls and Other Risk Management Techniques

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Testing Effectiveness of Controls and Other Risk Management Techniques by Mind Map: Testing Effectiveness of Controls and Other Risk Management Techniques

1. Testing Determinations

1.1. Is there any losses

1.1.1. Determine the extent of the losses

1.2. The design has weakness

1.2.1. Clarify and quantify the risk

2. Types of Audit Evidence

2.1. Testimonial evidence

2.2. Documentary evidence

2.3. Physical Evidence

2.4. Analytical Evidence

3. Standards of Audit Information

3.1. Sufficient

3.2. Reliable

3.3. Relevant

3.4. Useful

4. Manual Testing Methods

4.1. which are

4.1.1. Interviews

4.1.2. Surveys

4.1.3. Internal control questionnaires (ICQs)

4.1.4. Observation

4.1.5. Inspection

4.1.6. Confirmations

4.1.7. Tracing

4.1.8. Vouching

4.1.9. Reperformance

4.1.10. Analytical procedures

5. Sampling

5.1. Statistical sampling

5.2. Random sampling

5.3. Judgemental sampling

6. Testing Soft Controls

6.1. Structured interviews

6.2. Facilitated workshops

6.3. Employee surveys

7. Testing Application Controls

7.1. The types

7.1.1. Input controls

7.1.2. Processing controls

7.1.3. Output Controls

7.1.4. Integrity Controls

7.1.5. Management Trail

8. Computer-Assisted Audit Techniques (CAATS)

8.1. generalized audit software by

8.1.1. ISACA

8.1.2. ACL

8.1.3. IDEA

8.1.4. Easytrieve

8.1.5. SAS

9. Continuous Monitoring and Continuous Auditing

9.1. Less error

9.2. Less risk

9.3. Less fraud

10. General IT Controls

10.1. common forms

10.1.1. Logical access controls over infrastructure, applications, and data

10.1.2. System development life cycle controls and program change management controls

10.1.3. Other IT operational controls

11. Relevant Standards and Professional Guidance

11.1. Standards

11.2. Practice advisories

11.3. Practice Guides

11.4. Global technology audit guides