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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This page was last edited on 7 Marchat Retrieved from ” https: Section requires public companies to disclose information about material changes in their financial condition or operations on a rapid basis.

It also recommends best practices and methods of evaluation of an enterprise’s IT controls. In conjunction with document retention, another issue itgf that of the security of storage media and how well electronic documents are protected for both current and future use. 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 disaster prevention and recovery.

Controls, other than application controls, which relate to the environment within which computer-based application systems are developed, maintained and operated, and which are therefore applicable to all applications.

However, with flexibility and power comes the risk of errors, an increased potential for fraud, and misuse for critical spreadsheets not following the software development lifecycle e. July Learn how and when to remove this template message.


Audit data retained today may not be retrievable not because of data degradation, but because of obsolete equipment and storage media. For idle-time garbage collection, see Garbage collection Ccontrols.

The basic structure indicates that IT processes satisfy business requirements, which is enabled by specific IT control activities. 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.

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.

Certifies that financial statement accuracy and operational activities have been documented and provided to the CEO and CFO for certification. 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.

Information technology controls

The five-year record retention requirement means that current technology must be able to support what was stored five years ago. IT application controls refer xontrols transaction processing controls, sometimes called “input-processing-output” controls.

Auditing Information technology audit. The business personnel are responsible for the remainder. Please improve this by adding secondary or tertiary sources. 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.

Information technology controls have been given increased prominence in corporations listed in the United States by the Sarbanes-Oxley Act.


Information technology controls – Wikipedia

From Wikipedia, the free encyclopedia. Responsibility for control over spreadsheets is a shared responsibility with the business users and IT. This includes electronic records which are created, sent, or received in connection with an audit or review.

IT controls are often described in two categories: Passage of SOX resulted in an increased focus on IT controls, as these support financial processing and therefore fall into the scope of management’s assessment of internal control under Section of SOX. To remediate and control spreadsheets, public organizations may implement controls such itg. They are a subset of an enterprise’s internal control.

These controls may also help ensure the privacy and security of data transmitted between applications. This article relies too much on references to primary sources. From Wikipedia, the free encyclopedia.

They itgv ensure the reliability of data generated by IT systems and support the assertion that systems operate as intended and that output is reliable.

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.

Categories of IT application controls may include:. To comply with Sectionorganizations should assess their technological capabilities in the following categories:.

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