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IT Audit Readiness

The relevance of IT Audit Readiness

With the increased complexity in regulatory and compliance and widespread use of IT systems and the large amounts of data stored on such systems, it is important that IT systems and the data stored within are reliable and secure. And proliferation of devices, infrastructure and data and associated risks are also on the rise, making constant assessment and evaluation of security and controls imperative. While it's arduous to meet the long list of regulatory and internal compliance requirements, businesses at the same time benefit from compliance, achieving goals, and protection of public and third parties . The dependency on IT systems is on the rise and the impact to business due to disruption of IT systems/services could be disastrous as we have all seen what past events at major businesses have shown us. Hence businesses need to manage IT risks, be ready for IT security audits, or an evaluation of control or compliance requirements, and avoid surprises in a report of audit findings
Preparing for an IT Audit
We assess your current environment ensuring a comprehensive understanding of the business services, applications, technology landscape and their dependencies. With this approach, we provide a complete view of the IT landscape, identifying gaps and/or risks, enabling us to provide market leading recommendations, realizing savings and future improvements.
Key objectives for every audit readiness must be to:
  • Evaluate effectiveness of IT controls to ensure systems are functioning as intended.
  • Ascertain whether IT systems are adequately protected.
  • Ascertain compliance with applicable laws, policies and standards.
  • Ensure security is implemented smarter, quicker, and less resource- intensive
  • Reduce the complexity and burden of IT management
  • Contribute better insights to executive management around the nature of IT risks
  • Evaluate the reliability of data from IT systems which have an impact on the financial statements.
IT Audit readiness services performed:
Syberzen has years of experience in IT Audit readiness services and has partnered with audit firms to provide an end-to-end Audit readiness service.
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About Our Company

Syberzen has been started with an intent to primarily help MSME market with cyber security preparedness and monitoring their environment to protect and remediate its security posture.

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The services our auditors perform include assessment and evaluation of:
  • ITGC readiness, SOX compliance, PCI DSS, SOC2, CSA, ISO, internal and external audits
  • ISMS implementation readiness
  • IT policies, standards, processes and procedures within the organization;
  • IT operations and maintenance
  • Physical controls (access and environment); Logical access controls
  • Business continuity, resilience and disaster recovery controls
  • Application Security Testing and Remediation
  • Internal and External network and infrastructure scans
  • Risk Management practices ; IT portfolio and resource management
  • Strategies for business-IT alignment;
  • The value of the IT control framework
  • IT service management practices and structure End user computing
  • Change and Release management operations
  • Incident response and management practices
  • Data quality and life cycle management.

Our IT Audit readiness approach

Our audit readiness approach has been developed in accordance with International Information Systems Audit Standards e.g ISACA Information Systems Audit Standards and Guidelines. The beginning point of this methodology is to carry out planning activities that are geared towards integrating a Risk Based Audit Approach to the Audit readiness. Our audit readiness service is an examination of the controls within an organizations IT infrastructure. During the IT controls audit process, Syberzen's IT Auditors collect and evaluate evidence of the clients information systems controls, policies and procedures, and other related documentation to ensure the availability, confidentiality, and integrity of mission-critical systems and data. Here are the steps involved in Syberzen's IT Audit readiness engagement:
  • Identification and Assesment of IT Risks against controls and regulatory compliance and their impact
  • Mapping controls into a master controls library ITGC, SOX, SOC2, PCI, ISO, ETC
  • Planning, scoping and testing minor risks with controls
  • Regular cyber security briefings to executives and the board
  • Evaluation of existing controls and track and address deficiencies
  • Monitoring and Analysis of controls implementation and Automate Testing
  • Review and remediate controls exceptions
  • Analyze trends and predict risks
  • Integration of IT Risk Management into enterprise risk management framework

Benefits of IT Audit Readiness

IT audit readiness benefits the IT function as well as the organization to increase awareness and management of risks.
Reduce deficiencies and non-conformities in the internal and external audit reports.
 
Provide assurance to the executive management on the improvement of IT compliance.
 
Reduce impact and disruption to the business in the event of an IT control or compliance issue.