IT Application Controls Explained with Payroll Case Study | Practical IT Audit Masterclass

In this podcast, Prabh speaks with Chinmay, who has tested more than 100 automated controls, to explain IT Application Controls using a practical payroll process case study.

https://www.linkedin.com/in/chinmaykulkarni22/https://chinmaykulkarni22.substack.com/Chinmay explains that application controls are automated actions within systems that help prevent or detect errors without manual intervention. Unlike IT General Controls, which are more standardized across applications, IT Application Controls are specific to a business process, system logic, workflow, configuration, and transaction flow.The biggest lesson from this session is simple:Do not start with a checklist. Start with the business risk.In this episode, we discuss:What IT Application Controls areDifference between ITGC and IT Application ControlsWhy application controls are specific to business processesHow payroll risks translate into application controlsInput validation controlsCalculation and processing controlsInterface controlsOutput controlsAuthorization workflow controlsData validation controlsITGC dependency for application controlsHow SOC reports support third-party control relianceHow to test automated controlsWhy production screenshots and configuration evidence matterWhen one sample may be enough for fully automated controlsHow to prepare a lead sheet for application control testingWhy auditors must understand risk before testing controlsPlaylisthttps://www.youtube.com/watch?v=gaClcfhfWFM&list=PL0hT6hgexlYyNWBcGYfabwumCr0GKmLWv&pp=sAgChttps://www.youtube.com/watch?v=mq_vSLHm4r0&list=PL0hT6hgexlYztA41j1bceTfVagP9mtq28&pp=sAgCChinmay also walks through a practical lead sheet structure covering risk statements, walkthrough details, automated control descriptions, trigger types, reference data, attributes, configuration inspection, and testing scenarios.#ITAudit #ITGC #ApplicationControls #GRC #SOX #Audit #CyberSecurity #Big4 #CoffeeWithPrabh