We provide you with not 1 but 2 sample IT Asset Management Audit programs that contain everything you need to perform a comprehensive review of the IT Management in your company.

On top of it, we provide you with an hour of free consulting to discuss any queries that you may have.

Risk-Free Assurance:

Your satisfaction is our top priority. That’s why we provide a 100% money-back guarantee – a testament to our confidence in this audit program.

So, basically you have:

• 2 IT Asset Management Audit Program
• Risk Free Assurance
• Aligned with leading standards and compliances – ISO 27001, SOC2

Objectives of the IT Asset Management Audit Program

This work program covers a complete IT asset management (ITAM) diagnostic audit. Areas covered within this work program include the IT asset management function, IT asset management processes and IT asset financial management.

1. What is IT Asset Management ?

IT Asset Management (ITAM) is the set of practices and processes that enable an organization to effectively manage, control, and protect its IT assets throughout their life cycle.

These assets can include hardware (such as servers, computers, and mobile devices), software (licensed applications, operating systems, and any cloud-based applications), and information resources (such as databases, network configurations, and related documentation).

The key areas under IT Asset Management include:

• Inventory Management
• Lifecycle Management
• License Management
• Financial Management
• Vendor Management
• Risk Management
• Disposal Management
• Policy and Compliance Management

 

 

  2. What are the key risks that the audit of IT Asset Management program should assess ?

 

Here the primary key risks that an audit of IT Asset Management program should assess:

• A baseline inventory of assets owned or leased by the firm does not exist.
• Assets are not inventoried regularly.
• Inadequate interfaces with problem management, purchase ordering and other necessary financial systems occur.
• Real costs for IT assets are unknown.
• Service-level agreements (SLAs) with vendors do not exist.
• IT architectural diagrams detailing IT assets for the organization do not exist or they are incomplete.
• Network diagrams of the existing environment do not exist or are outdated.
• Islands of technology in key business areas are not tracked in the central asset repository.
• System configurations cannot be replicated.
• Contract and lease management processes are poor or missing.
• IT costs continue to exceed budget plans.

 

Potential Impact of Inadequate IT Asset Management:

• Unidentified cost discrepancies
• Unknown assets owned/leased and their location
• Inaccurate history of IT costs for assets
• Redundant hardware and software assets in the environment
• Higher support and IT costs
• Increased technical complexity
• Inability to determine if nonstandard/unlicensed software is being used at the desktop or server level