Supporting ISA 315 and PCAOB compliance with specialized cybersecurity risk assessment services. Combining Big 4 audit experience with deep cybersecurity expertise for comprehensive IT risk evaluation during financial audits.
75% of audit firms struggle with adequate IT risk assessment during audit engagements
ISA 315 requires assessment of IT environment and automated controls
Audit firms lack specialized cybersecurity expertise for proper evaluation
Inadequate IT risk assessment leads to audit deficiencies
Regulatory scrutiny increases, partner liability grows
Cloud applications, SaaS platforms, and remote work have exponentially increased IT environments that auditors must assess
PCAOB and other regulators are intensifying focus on IT controls testing and cybersecurity risk assessment
Audit standards demand comprehensive workpapers documenting IT risk assessment and control testing
Audit firms struggle to find professionals with both audit methodology knowledge and cybersecurity expertise
Seamlessly integrated with your audit timeline and methodology
We align with your audit timeline, understanding client's business processes and identifying significant IT applications affecting financial reporting
Comprehensive assessment of client's IT infrastructure, identifying key systems, data flows, and automated controls relevant to financial reporting
Deep technical evaluation of security controls, vulnerability scanning, and risk identification using advanced cybersecurity methodologies
Systematic testing of IT controls with detailed workpapers meeting audit standards and regulatory requirements
Complete documentation package with risk matrices, control testing results, and materiality assessments ready for audit file inclusion
Tailored cybersecurity services for audit engagements
Comprehensive evaluation of IT environments, focusing on systems and controls that impact financial reporting accuracy and integrity.
Detailed testing and documentation of automated controls within client's ERP, financial systems, and critical business applications.
Complete workpaper packages meeting ISA 315 and PCAOB requirements, including risk matrices and control testing documentation.
Specialized evaluation of cloud applications, third-party services, and remote access controls impacting financial systems.
Detailed documentation supporting compliance with regulatory frameworks including SOX 404, GDPR, and industry-specific requirements.
Direct consultation with audit partners and seniors, providing cybersecurity expertise for audit committee reporting and risk discussions.
Unique value proposition for audit firms
Deep understanding of audit methodology, workpaper requirements, and regulatory expectations from years at top-tier audit firms.
Seamless integration with existing audit timelines, minimizing disruption while maximizing value to your engagement process.
Complete workpapers meeting PCAOB and ISA standards, ready for direct inclusion in your audit files.
Advanced cybersecurity knowledge enabling thorough assessment of complex IT environments and modern security controls.
Focus on IT risks that truly impact financial reporting, aligned with audit materiality and regulatory requirements.
Direct engagement with audit partners and engagement teams, providing expert consultation throughout the audit process.
See how our dual expertise compares to alternative solutions
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Flexible options tailored to your audit engagement needs
All projects begin with a free scoping call to determine exact requirements. Annual retainer options available for multiple engagements with 15-20% discount. Rush engagements available with premium pricing.
Answers to frequently asked questions about our IT risk assessment services
We align our work with your audit planning and execution phases. Typically, we begin with the risk assessment during audit planning, conduct testing alongside substantive procedures, and deliver final workpapers before report issuance. Our Big 4 experience ensures we understand audit timing pressures and can adapt to urgent needs.
You receive comprehensive audit workpapers including IT risk assessment matrices, detailed control testing documentation, findings summaries, and recommendations. All deliverables meet PCAOB and ISA requirements and are ready for direct inclusion in your audit files. We also provide executive summaries suitable for partner and client communication.
Yes, we are experienced with SOX 404 requirements for public companies. Our assessment includes evaluation of internal controls over financial reporting (ICFR), particularly IT general controls and automated application controls that support key financial processes. We provide documentation that supports both management's assessment and your audit procedures.
Our unique combination of Big 4 audit experience and advanced cybersecurity expertise means we understand both the audit process and technical risks. Unlike pure technology consultants, we know how to document findings for audit purposes, understand materiality, and can communicate effectively with audit partners and clients about IT risks.
We maintain strict independence by focusing solely on assessment and testing—we do not implement controls or provide management services that could compromise audit independence. Our reports are objective assessments of existing controls and risks, suitable for audit evidence. We work alongside your audit team without replacing audit procedures.
Absolutely. Our assessments can incorporate industry-specific requirements such as PCI DSS for companies handling credit cards, HIPAA for healthcare, SOX for public companies, and various financial services regulations. We adapt our assessment approach to address the specific compliance frameworks relevant to your client's industry.
Turnaround depends on engagement scope. Small engagements typically complete in 2-3 weeks, mid-size assessments in 3-4 weeks, and complex environments in 4-6 weeks. We understand audit deadlines and can accommodate rush requests with premium pricing. Our efficient process, developed through Big 4 experience, ensures timely delivery without sacrificing quality.
Yes, we provide consultation throughout the audit process. This includes initial briefings with your engagement team, technical support during fieldwork, review of findings with partners, and assistance with client communications. For annual audits, we offer retainer arrangements that provide ongoing access to our expertise throughout the year at discounted rates.
Discuss your firm's IT risk assessment needs with a Big 4 audit veteran
Tested approaches from years of audit experience at top-tier firms
Direct access to senior expertise, not junior staff or offshore teams
Quick engagement setup to meet urgent audit timeline requirements