What does a general controls review encompass in IT management?

A general controls review in IT management encompasses compliance requirements as it focuses on ensuring that the organization's IT controls are in line with relevant regulations, standards, and policies. This includes assessing the effectiveness of controls related to access management, change management, system development, and other key areas that help safeguard data and technology.

During a general controls review, auditors evaluate whether controls are designed and operating effectively to maintain the integrity, confidentiality, and availability of information systems. This process identifies gaps or weaknesses in controls that could lead to compliance issues. Ensuring compliance with laws, regulations, and industry standards is crucial for minimizing risk, particularly in an environment where regulations can frequently change.

While aspects like corrective actions, IT response plans, and preparations for future audits are certainly important aspects of IT governance and risk management, they do not specifically define the scope of a general controls review as centered around compliance requirements.