Video: Internal Controls & Information Technology Controls: Design, Testing, & Deficiencies Overview

In this lesson, Nick Palazzolo explains the importance of internal controls and information technology (IT) controls and discusses their design, testing, and the possible deficiencies within them. He highlights management's responsibility for designing, implementing, and maintaining these controls to ensure effectiveness. The lesson also covers the auditor's perspective on how to test these controls and the possible issues that can arise from deficiencies in the controls.