IT Auditing: IT Outsourcing
- Balancing Risk vs. Reward
Lapelosa, CISA, is a 25-year
seasoned Internal Audit Professional with experience in financial
services, state government and healthcare.
Michael’s responsibilities have included
Internal Audit, Performance
Appraisal, TQM, and Information Security.
Michael is a recipient of the prestigious "Tom Johnson Lifetime
Achievement" award granted by the New York Chapter of The IIA. He
is very active with The IIA as both Past President of the New
York Chapter and a member of the Board of Governors.
He has served as a member of the Executive
Committee of the ISACA New
York Chapter and a member of the ISACA Academic
Michael is a frequent instructor and seminar leader for The Institute
of Internal Auditors, USDA Graduate School, and the Foundation for
Accounting Education (FAE) teaching various seminars including:
has published several articles including Internal Auditor Toolkit,
Internal Auditing and
the New Model Economy, Outsourcing Self Test, Auditing Factoring
Companies, and Auditing at the Crossroads.
Auditors Best Practices
Auditors Standards and
- CISA Review
- COSO Self
- EDP Auditing
- Auditing a
Fraud: A Proactive
Local Area Networks
Auditing: Hitting the Hot
Michael is an Adjunct Professor at Baruch
College teaching Accounting
Information Systems and Internal Audit. He was a driving force in
developing the Internal
Audit curriculum at Baruch College.
His electronic publications include "IT Auditing: The
Auditing: New Systems", “Modern Integrated Audit
“Internal Auditor Toolkit”
(a complete seminar
including PowerPoint slides accompanied with a digital soundtrack) are
available on CD-ROM for both individual and chapter use at http://www.pleier.com.
Information Technology (IT) functions has gone from a specialized trend
to an integral component of today’s modern business strategy. If
properly managed, the benefits derived from such an approach can be
substantial, both from a cost and efficiency standpoint.
IT Auditing: IT Outsourcing
Risk vs. Reward
However, in the rush to eliminate costs from the financial statements,
managing the transition, actually achieving measurable benefits, and
understanding risks inherent in outsourcing IT functions continues to
be a mysterious world. Coupled with the issues related to off-shoring
IT activities, this complex process is fraught with error, risk,
inadequate or non-existent control, and operational inefficiencies.
Finally, changes in the regulatory, legal and compliance landscape
increase the difficulty in achieving superior performance and results
in the company becoming overly reliant on the outsource vendor to
process critical IT functions.
Michael’s latest electronic publication, “IT Auditing: Outsourcing -
Balancing Risk vs. Reward” navigates the outsource / off-shore
by illustrating IT risks and controls that management needs to
consider before, during, and after IT functions are migrated to an
outsource vendor. He regularly reminds the viewer that “You can
outsource the function, but not the risk!”
You can outsource the
but not the risk!
As an Audit Director and Information Technology Auditor with over 25
years experience in the profession, Michael Lapelosa grappled with
issues related to outsourcing / off-shoring for such major companies as
Mellon Bank; Cushman and Wakefield; and First Data Corporation. As a
result, he is in a unique position to provide insight regarding
pitfalls to avoid and critical success factors.
Throughout this digital product Michael shares a standardized approach
he has developed which provides the viewer with a presentation
consisting of 82 information packed slides. In addition, as
usual, he has prepared an extensive audit work program that can be
the shelf” or customized as needed.
Auditing: IT Outsourcing - Balancing Risk vs. Reward" PowerPoint
the link above to access the
The 82-slide self-paced PowerPoint offers some excellent insights
to the world of IT Outsourcing with an
emphasis on opportunities for internal audit to add value in those
The PowerPoint material highlights numerous insights to that topic
Audit Opportunities to Add Value
Methodology & Objectives
Pitfalls to Avoid
Critical Success Factors
Auditing: Outsourcing - Balancing Risk vs. Reward" Audit Program
Open in MS Word - print
landscape on 81/2" x 11" paper
Open in MS Word - print
landscape on 81/2" x 14" paper
a link above to access an actual 13-page audit program with over 100
audit steps is in MS Word
format that follows and
supplements the ideas presented in the PowerPoint presentation.
program can be used to help develop an approach to
deploying IT Audit resource productively to the audit of "IT
Outsourcing" or to modify your current approach.
this approach ensures the audit objectives of these audits since major
controls are addressed in audit program with Work Paper Cross Reference.
This audit program addresses specific audit concerns in these important
Governance and Oversight Framework
Vendor Selection and Contract
you like the quality
of this CD-ROM publication check http://www.pleier.com
for additional resources.
- Click the link to preview:
Form - PDF
Order Form -
Thank you for purchasing
a copy of the "IT Auditing: IT Outsourcing - Balancing Risk vs. Reward".
tell others about these resources.