IIA Technology Updates

The IIA Technology Updates section features information about the latest technology guidance, conferences and IT seminars of interest to internal auditors, and other news from The Institute's Technology Practices Department.

Here is the latest technology news from The Institute of Internal Auditors (The IIA):

Updated Guide for Management Now Available

In 2006, The IIA released Sarbanes-Oxley Section 404: A Guide for Management by Internal Controls Practitioners (PDF, 580 KB), The Institute's first publication in the Professional Guidance Series on Section 404 of the U.S. Sarbanes-Oxley Act of 2002. This month, The IIA released a major update to the publication, incorporating guidance from the U.S. Public Company Accounting Oversight Board’s (PCAOB's) Auditing Standard (AS) No.5 and management guidance issued by the U.S. Securities and Exchange Commission (SEC).

In addition, the guide provides an extended discussion on direct and indirect entity-level controls, as well as the challenges faced by organizations in scoping IT general controls based on the insight and real-world experiences of internal auditors. Finally, the guide provides an updated checklist to help management teams ensure that their Section 404 programs are efficient, thereby streamlining management's process and creating major reductions in total cost.

To download or read a full copy of A Guide for Management, visit The IIA's Professional Practices Web page.