Auditors, corporate accountants and financial officers who deal with information technology have always had a double problem: They have to be experts in their own fields, and they also have to know IT.

To help accounting and financial professionals talk with and understand IT professionals, the International Accounting Education Standards Board - an independent board within the International Federation of Accountants - has issued a proposed update of a standard that outlines the competences necessary for internal and public auditors who provide assurance on information systems, as well as managers and designers of such systems.

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