In an effort to assist auditors, regulators and top management with a methodology for identifying which IT controls should be tested as part of an annual assessment of internal controls, the Institute of Internal Auditors has released GAIT -- the Guide to the Assessment of IT General Controls Scope Based on Risk.

The IIA said that the GAIT guidelines were designed to improve audit efficiency and reduce compliance costs such as those associated with Sarbanes-Oxley 404.

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