Big4GuyWelcome to Big4Guy.com. Big4Guy is an online resource where I will share with you the latest news, insights, knowledge and some experiences as a Big 4 consultant. We will discuss some of the important issues which organisations are facing today in the areas of information security, security and controls in SAP R/3, Oracle Applications, J.D.Edwards, Peoplesoft and various other ERP's. You will also find information on latest complaince regulations like Sarbanes Oxley, Basel II and so on. Big4guy will also attempt to provide valuable resources for individuals interested in examinations the CISA, CISM, CISSP, PMP and various other security certifications considered essential for entry in any Big 4 accounting, auditing and consulting firms. You are invited to post your comments and viewpoints to posts here. I sincerely hope this online journal will be useful to everyone from a budding student to a professional in the accounting, auditing, management and consultancy professions.
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With many organizations going in for complex ERP solutions, it is essential that the internal audit department is capable of auditing these complex softwares. Research shows that in most organizations, internal audit department lacks the deep skillsets for technology auditing. As a result, many companies are strategically outsourcing their IT internal audit department partially or fully to professionals. There are many players in the market both Big 4 firms as well as niche firms which provide such outsourced internal audit models.
IT Internal audit outsourcing is a win/win situation for companies, since they get the skilled resources for auditing their IT systems. Also, companies own internal audit department can get itself trained in auditing IT systems and ERPs by underdoing training sessions. As companies venture into newer technologies, it is important for internal audit departments to keep themselves abreast of the latest developments in the IS auditing world. IT internal audit outsourcing is an excellent way to bridge the technology gap missing in internal audit departments.
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