For other Big 4s - Do your assurance teams lead efforts on IT Application controls or does the IT team own it?

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Depends..but would involve both parties. Simple controls are assurance, complex are tech risk.

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Idk what your team does but I work on the FAIT side and we were leading those in collaboration with assurance

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That’s because PCAOB started getting more thorough about app controls

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IT and financial might lead efforts on BP controls

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Kpmg’s tech assurance team does gitcs, automated controls, Soc report evaluations, and even random data validation/manual control assessments relates to journal entries where ERP knowledge is requires. There’s basically no split.

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