Kieng Iv (Productions)ACC 626

The first question of the day, if Malik has it his way;

What are the risks and issues; before you listen, go grab some tissues;

First off, info tech has made a wreck; computer frauds, viruses, and what the heck;

Businesses be worried boys takin’ their cash; hackers just be leavin’ a total hash;

Whether it be fraudulent or a mistake, when you losing money, it ain’t somethingyou can fake;

IT is tough, we know you had enough;

C-suites listen up, and your share price will go up;

We be talkin’ about internal controls, its gettin’ out of control;

This song is about info technology, and I'm the next rap prodigy;

SOX, COBIT and COSO; before these rhymes, you were only SOSO;

My roots stem from ‘A’ ‘C’ ‘C’ 6 2 6, listen away and I’ll have a good fix;

So what should worry the profession; have auditors cry and say this is my confession

Auditors be stackin’ that substantive paper; but IT makes them disappear like vapour

Control risk is getting higher than snoop; auditors have no choice but to regroup

The goal ain’t perfection; but you need to follow the handbook section

So many uncertainties in cash collections; how can you attest rev if you need corrections

Fictitious accounts right and left; this is what we call theft;

We be talkin’ about internal controls, its gettin’ out of control;

This song is about info technology, and I'm the next rap prodigy;

SOX, COBIT and COSO; before these rhymes, you were only SOSO;

My roots stem from ‘A’ ‘C’ ‘C’ 6 2 6, listen away and I’ll have a good fix;

You probably be askin’ yourself how do we manage; IT seems so complex it’s easy to mismanage;

IT tools is your key to victory; I know use IT against IT sounds contradictory;

But CAATs can audit a million and one; use IDEA and you have already won;

Throw in IT audit geeks; to make those audit plan tweaks;

To understand the risk and implications; have the partner clap for all your great creations;

Use audit objectives; COBIT makes your work less subjective;

We be talkin’ about internal controls, its gettin’ out of control;

This song is about info technology, and I'm the next rap prodigy;

SOX, COBIT and COSO; before these rhymes, you were only SOSO;

My roots stem from ‘A’ ‘C’ ‘C’ 6 2 6, listen away and I’ll have a good fix;

If you thinkin’ about IT outsourcin’; think twice before you start endorsin’;

SOX needs you to know internal controls; sending IT overseas can leave holes;

Holes in knowing if it is working right; and it ain’t as easy as black and white;

If CEOs get it wrong; their sentence will be 20 years long;

That is where watch dogs come in; SAS 70 is how auditors goin’ win;

Provide assurance to all their clients; make all the haters go silent;

We be talkin’ about internal controls, its gettin’ out of control;

This song is about info technology, and I'm the next rap prodigy;

SOX, COBIT and COSO; before these rhymes, you were only SOSO;

My roots stem from ‘A’ ‘C’ ‘C’ 6 2 6, listen away and I’ll have a good fix;

But what about the new danger; IT just keeps making things stranger;

Cloud computing is leading edge; but what about the risks we can’t hedge;

Auditors must answer this question; or they will be out of the question;