What do IT Auditors do (Day in the Life)

00:04:38
https://www.youtube.com/watch?v=cg3r3Lr8kRI

Resumo

TLDRIn this video, Akin, a first-year i2 audit associate at a Big Four accounting firm, outlines his typical workday. He begins at 8 AM by checking messages and emails, then proceeds to audit work, which includes client communications and evidence review. Akin explains the significance of sampling for audits and the preparation of work papers, which undergo multiple reviews before submission. His day consists of interactions with clients and team meetings to resolve queries and plan accordingly.

Conclusões

  • 🕗 Start day at 8 AM with emails
  • 📧 Communicate with clients via email
  • 🔍 Conduct audit sampling and testing
  • 📄 Prepare and review work papers
  • 🤝 Participate in internal meetings
  • 💼 Handle external client meetings
  • 📊 Evidence review is crucial
  • ⏳ All work papers must be reviewed before filing
  • 🔄 Frequent communication with team members
  • 🎓 Akin made a video on onboarding experience

Linha do tempo

  • 00:00:00 - 00:04:38

    Akin, a first-year audit associate at a Big Four accounting firm, shares insights into his typical day as an IT auditor. He clarifies that his daily tasks do not have a defined structure, which was something he struggled to understand during his application process. Akin begins his day at 8 AM by checking emails and messages before diving into audit work. This includes sampling, communicating with clients, and attending internal and external meetings. The sampling process involves selecting a range of samples to test controls based on risk, after which Akin collects evidence from clients. He reviews the evidence to ensure its completeness and works on documentation called work papers in Excel. These work papers go through a thorough review process involving team members from various levels before the client's filing deadline. Akin emphasizes the significance of meetings to discuss evidence and resolve questions, summarizing that his day revolves around checking communications, analyzing client evidence, drafting work papers, and participating in meetings.

Mapa mental

Vídeo de perguntas e respostas

  • What does an i2 auditor do?

    An i2 auditor protects an organization's internal controls and data within its technology system, identifies weaknesses, and provides solutions to management.

  • What are work papers?

    Work papers are Excel files containing documentation, tables, and screenshots prepared for each control during an audit.

  • What does the sampling process involve?

    Sampling involves selecting samples within a population to test based on the control's risk and population size.

  • How long does Akin typically work each day?

    Akin typically starts working at 8 AM.

  • What is the initial step in Akin's workday?

    The first step is checking messages and emails.

  • How does Akin communicate with clients?

    Akin communicates with clients through email and secure file-sharing platforms to obtain necessary evidence.

  • What type of meetings does Akin participate in?

    Akin has internal meetings with his team and external meetings with clients.

  • What do internal meetings focus on?

    Internal meetings focus on planning and addressing questions from the audit process.

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Rolagem automática:
  • 00:00:00
    hey what's up everyone akin here i'm a
  • 00:00:02
    first year i2 audit associate at one of
  • 00:00:04
    the big4 accounting firms
  • 00:00:06
    and in this video i'm going to talk
  • 00:00:07
    about what my typical day looks like as
  • 00:00:10
    an i2 auditor
  • 00:00:14
    during my application process i've asked
  • 00:00:16
    many people who work in eye child what
  • 00:00:19
    their day-to-day tasks look like
  • 00:00:21
    but the only answer i got was well there
  • 00:00:24
    is no typical day some of them said they
  • 00:00:26
    were doing socks testing they were
  • 00:00:28
    testing
  • 00:00:29
    controls like itgc's segregation of
  • 00:00:32
    duties but i wasn't actually satisfied
  • 00:00:34
    with those answers because
  • 00:00:36
    i wasn't interested in what kind of
  • 00:00:38
    testing they were doing i just wanted to
  • 00:00:41
    know what an average day would look like
  • 00:00:44
    so i'm not going to get into the
  • 00:00:45
    technical details after all i can do
  • 00:00:47
    that in a later video i'll give you a
  • 00:00:50
    general sense of what a typical day
  • 00:00:52
    would look like in eye to edit so what
  • 00:00:55
    is an ito editor according to glassdoor
  • 00:00:58
    i'm just going to read this on my phone
  • 00:01:01
    as an iterator you will assist the
  • 00:01:03
    organization by protecting its internal
  • 00:01:05
    controls
  • 00:01:06
    and data within its technology system
  • 00:01:09
    you will safeguard information by
  • 00:01:11
    identifying weaknesses and create
  • 00:01:13
    strategies to prevent security breaches
  • 00:01:17
    you will classify technology issues and
  • 00:01:20
    provide additional recommendations to
  • 00:01:22
    management with solutions to fix
  • 00:01:24
    internal controls alright i know that
  • 00:01:26
    was too long and probably didn't fully
  • 00:01:28
    make sense unless you working on it
  • 00:01:32
    before i started working this
  • 00:01:33
    description didn't really make sense to
  • 00:01:35
    me maybe it was because i didn't have an
  • 00:01:37
    accounting background but even if i did
  • 00:01:40
    study accounting i don't think i would
  • 00:01:42
    have known what these meant in terms of
  • 00:01:44
    the actual work that we do so here's
  • 00:01:47
    what my day looks like it consists of
  • 00:01:49
    checking messages and emails audit work
  • 00:01:52
    going back and forth with the client and
  • 00:01:54
    internal and external meetings i usually
  • 00:01:56
    start working at 8am and the first thing
  • 00:01:59
    i do is
  • 00:02:00
    check to see if i've gotten any emails
  • 00:02:02
    or pings that i have to respond to
  • 00:02:05
    usually it doesn't take that long
  • 00:02:07
    after going through my emails i start
  • 00:02:10
    the actual itu audit work what i mean by
  • 00:02:12
    eye to eye to work is
  • 00:02:14
    mainly sampling going back and forth
  • 00:02:16
    with the client meetings working on the
  • 00:02:19
    work papers and so on audit sampling is
  • 00:02:22
    a procedure where we select samples
  • 00:02:25
    within population to test an audit the
  • 00:02:27
    amount of samples to be selected depends
  • 00:02:30
    on the risk of the control and the
  • 00:02:32
    population size after sampling and
  • 00:02:34
    putting them in a table we send those to
  • 00:02:37
    the client
  • 00:02:38
    and wait for them to provide us with the
  • 00:02:41
    evidence we need either through email or
  • 00:02:44
    secure file sharing platform depending
  • 00:02:47
    on the client after getting the evidence
  • 00:02:49
    we need we look through all the evidence
  • 00:02:51
    to make sure we're not missing anything
  • 00:02:54
    usually that's not the case
  • 00:02:56
    so most of the time we have to go back
  • 00:02:59
    and forth with the client until we're
  • 00:03:01
    comfortable with the evidence they
  • 00:03:03
    provide then i start working on the work
  • 00:03:06
    papers
  • 00:03:07
    the work papers are usually excel files
  • 00:03:09
    filled with documentation
  • 00:03:11
    tables and screenshots
  • 00:03:14
    there are work papers for each control
  • 00:03:16
    and the associate on the team prepares
  • 00:03:19
    them once the work paper is prepared the
  • 00:03:21
    reviewing process starts so from senior
  • 00:03:24
    all the way to partner
  • 00:03:25
    the team members will start reviewing
  • 00:03:27
    the work paper
  • 00:03:29
    for the audit
  • 00:03:31
    all work papers have to be reviewed
  • 00:03:33
    before the client's filing date i
  • 00:03:35
    usually have questions on the work
  • 00:03:37
    papers that i'm working on
  • 00:03:38
    so i go back and forth with my seniors
  • 00:03:41
    and managers
  • 00:03:43
    we also have meetings if i have like a
  • 00:03:45
    long question that i have to show them
  • 00:03:47
    we also have meetings to make plan so
  • 00:03:51
    these would fall under internal meetings
  • 00:03:53
    we usually have external meetings too
  • 00:03:56
    and those would be with the client we
  • 00:03:58
    have initial walkthroughs as we kick off
  • 00:04:00
    the audit there are also meetings about
  • 00:04:03
    our questions on the evidence or issues
  • 00:04:06
    that come up for some reason so to sum
  • 00:04:08
    up an average day it starts off with
  • 00:04:11
    checking messages and emails i know it's
  • 00:04:13
    not ideal but doesn't take that long
  • 00:04:15
    anyway
  • 00:04:16
    then it usually consists of
  • 00:04:19
    going through client evidence
  • 00:04:21
    work on the work papers and have
  • 00:04:23
    meetings if you like this video you
  • 00:04:25
    might want to check out the video i made
  • 00:04:27
    on my big 4 onboarding and training
  • 00:04:30
    experience thank you so much for
  • 00:04:32
    watching and i'll see you in the next
  • 00:04:33
    one peace
Etiquetas
  • i2 audit
  • Big Four
  • audit associate
  • workday
  • sampling
  • work papers
  • internal controls
  • client communication
  • meetings
  • evidence review