IT Internal Audit

Client: Utilities Company

Project Overview and Objectives:

A power utilities company required assistance within their Internal Audit department, specifically for SOX walkthroughs and SAP ITGC testing. Clearsulting was engaged to provide assistance around the preparer, detail reviewer, and general reviewer roles. Clearsulting integrated with the Internal Audit team and worked directly with the external auditors to perform and review SOX walkthroughs and testing. The goals of this project were to:

  • Support walkthrough and testing procedures for the financial statement audit
  • Provide knowledge sharing in areas of expertise to improve the audit plan, strategy, documentation
  • Fully integrate with the Internal Audit department

The Clearsulting Delivery / Value

Provide direct assistance with ITCG walkthroughs across SAP and various other utility applications

  • Completed walkthroughs and corresponding workpapers
  • Walked through controls at the application, OS, and DB layers where necessary
  • Created process flows for each of the control walkthroughs performed
  • Updated the risk and controls matrix

Provided direct assistance with ITCG control testing

  • Completed testing lead sheets and supporting workpapers for key controls
  • Completed application control testing lead sheets and supporting workpapers for key application controls

Provided direct assistance with year end update procedures

  • Completed year end update procedures and supporting workpapers for key controls
  • The team at Clearsulting has created a unique culture focused on creativity, enthusiasm, and collaboration since we opened our doors in 2015. Please contact us to learn more about our team and the services we offer. We look forward to speaking with you!