IT System & ITGC Reviews
IT System & ITGC Reviews
Information Technology (IT) systems are critical to financial reporting, compliance, and overall operational processes. IT General Controls (ITGC) reviews evaluate the reliability, security, and effectiveness of IT systems, ensuring they support accurate financial reporting and safeguard organizational data.
Independent ITGC reviews provide assurance that access controls, change management, data integrity, and system operations are properly managed. They also help organizations comply with regulatory requirements and international audit standards, mitigating risks related to fraud, errors, and cyber threats.
About This Service
Our IT systems and ITGC review services focus on evaluating IT controls that impact financial reporting and business operations. We assess system access, change management procedures, backup and recovery mechanisms, and IT governance frameworks to ensure reliability and operational integrity.
We examine application controls, segregation of duties, and database management practices to ensure that only authorized personnel can access or modify critical systems, reducing the risk of data manipulation or unauthorized activities.
Our reviews also cover IT infrastructure, cybersecurity, and regulatory compliance (e.g., RBI, SEBI, GDPR where applicable). By identifying gaps and weaknesses, we provide practical recommendations to enhance IT resilience and strengthen internal controls.
Through independent assessments, organizations gain assurance over their IT systems, improve risk management, and ensure digital operations align with global best practices.
Key Features / Scope of Work
Review of IT General Controls (ITGC) and application controls
Assessment of user access, authentication, and segregation of duties
Verification of change management and system update procedures
Evaluation of data integrity, backup, and recovery mechanisms
Review of IT governance, cybersecurity, and risk management frameworks
Compliance assessment against RBI, SEBI, GDPR, or industry-specific standards
Identification of risks, vulnerabilities, and control gaps in IT systems
Recommendations to strengthen IT resilience, controls, and audit readiness
- Internal Audits & Risk Advisory
- Process-based Internal Audits
- IFC, ICFR, SOX Compliance Advisory & Testing
- Standard Operating Procedure (SOP) & Risk Control Matrix (RCM) Development
- IT System & ITGC Reviews
- Business Continuity & Disaster Recovery Review
- Risk Heat Mapping & Remediation Planning
- Internal Financial Controls Implementation & Monitoring
- Process Improvement/ Cost reduction studies
- Automation of Selected Processes
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