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  • Information System Risk Assessment tool

    The Information System Risk Assessment (ISRA) tool is available for business clients and advisors. It helps you to self-assess the integrity of your Information Technology (IT) systems.

    The tool establishes if the IT systems are well governed with appropriate controls to help businesses meet tax and super reporting obligations.

    The ISRA tool will help you to:

    • self-assess the potential risks and integrity of your IT systems for effectiveness of internal controls to manage financial information and reporting
    • put recommended actions in place to reduce any determined IT system risks
    • prepare for a review or client engagement meeting you may have with us
    • re-assess your IT governance after new controls have been put in place
    • keep a copy of your self-assessment report for use for future engagements
    • improve your tax governance to make sure you are paying the right amount of tax and work towards establishing justified trust.

    The ISRA tool is based on the guidelines and assurance frameworks set out by the Information Systems Control Association and the IT Governance Institute.

    The importance of tax governance

    Your IT systems play a key role in supporting effective tax governance. It's important your systems have the right internal controls in place to ensure the accuracy and completeness of your tax and super reporting and lodgment activities. We have designed the ISRA tool with this in mind to help you.

    Tax governance is a key focus area under justified trust. Demonstrating that you have good tax governance through the integrity of your information systems.

    Download the ISRA tool

    The ISRA tool runs on a Microsoft Access database.

    To use the tool effectively you must have Microsoft Access and Microsoft word available on the computer or device you are downloading the file to.

    Follow the below steps to download the ISRA tool access database:

    1. Download a copy of the ISRA tool Microsoft Access database
    2. Select save to save the tool
    3. A macro single step box will pop up – click X in the right hand corner
    4. Select Enable Content from the yellow ribbon bar
    5. Make this a trusted document pop up selecting yes

    The ISRA database is now ready for you to use.

    Next steps:

    See also:

    Last modified: 17 Mar 2020QC 59348