1) Describe the differences between financial and IT auditing (feel free to consider internal and external auditing as part of that answer).

2) Describe the relationship between financial and IT auditing? Consider what each have in common, and how they are different and dependent upon each other from an audit standpoint.

3) Describe both IT General Computer Controls (ITGC), and Application controls. Consider some characteristics that they have in common, and what makes them different.

4) Describe the risk assessment process used by auditors to organize their review of a client's systems. What things should auditors consider when evaluating risk associated with systems and the operations that those systems support?

5) Provide an example of an ITGC outlining the control objective, and the controls that could be used to achieve that control objective.