ASSET MANAGEMENT AUDIT: EXAMINES THE PRACTICES FOR MANAGING IT ASSETS THROUGHOUT THEIR LIFECYCLE
Ensuring Governance, Compliance, and Efficiency in IT Asset Management through Targeted Audit Practices
Course Schedule
| Date | Venue | Fees (Face-to-Face) |
|---|---|---|
| 20 – 24 Apr 2026 | London, UK | USD 3495 per delegate |
Course Introduction
Effective IT asset management is essential for controlling costs, ensuring license compliance, reducing risk, and supporting business agility. An asset management audit verifies whether an organization’s hardware and software assets are being tracked, maintained, and optimized throughout their lifecycle, in line with governance policies and industry standards.
This course equips IT auditors, asset managers, and compliance professionals with the skills to plan and execute IT asset audits. Participants will gain practical knowledge of ISO 19770 standards, software license controls, lifecycle asset tracking, and risk-based audit strategies to evaluate asset governance, security, and ROI.
Course Objectives
By the end of this course, participants will be able to:
• Plan and conduct audits of IT asset management processes and systems
• Evaluate asset governance, lifecycle controls, and regulatory compliance
• Assess software licensing, procurement, deployment, and retirement practices
• Identify control gaps in asset tracking, utilization, and security
• Deliver value-added recommendations to improve asset performance and risk mitigation
Key Benefits of Attending
• Gain deep insight into IT asset management frameworks and ISO standards
• Understand how to audit asset acquisition, use, and disposal processes
• Reduce the risk of non-compliance with licensing and data regulations
• Improve asset inventory accuracy and lifecycle governance
• Support IT cost control and digital transformation initiatives
Intended Audience
This program is designed for:
• IT auditors and internal audit professionals
• IT asset and configuration managers
• Compliance and governance officers
• Procurement and vendor management teams
• CIOs, IT directors, and risk management personnel
Individual Benefits
Key competencies that will be developed include:
• IT asset lifecycle audit planning and execution
• Risk identification and control assessment in ITAM processes
• Evaluation of software licensing and vendor agreements
• Asset performance analysis and optimization
• Audit reporting aligned with ISO 19770 and ITIL best practices
Organization Benefits
Upon completing the training course, participants will demonstrate:
• Improved governance and control over IT assets
• Reduced software audit exposure and non-compliance penalties
• Enhanced IT procurement and decommissioning efficiency
• Optimized asset utilization and lifecycle cost management
• Better alignment of ITAM with business and regulatory expectations
Instructional Methdology
The course follows a blended learning approach combining theory with practice:
• Strategy Briefings – IT asset audit frameworks, ISO 19770, ITIL, COBIT
• Case Studies – Real-world asset mismanagement and audit findings
• Workshops – Audit checklist design, license compliance reviews, lifecycle analysis
• Peer Exchange – Group discussions on audit challenges and ITAM practices
• Tools – IT asset audit templates, lifecycle tracking matrices, license audit forms
Course Outline
Training Hours: 7:30 AM – 3:30 PM
Daily Format: 3–4 Learning Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
Day 1: Foundations of IT Asset Management and Audit
- Module 1: Introduction to IT Asset Management and ISO 19770 (07:30 – 09:30)
• Core principles, definitions, and lifecycle stages - Module 2: Scope and Objectives of an ITAM Audit (09:45 – 11:15)
• Types of assets, stakeholders, and audit triggers - Module 3: Policies, Roles, and Governance Structures (11:30 – 01:00)
• Ownership, accountability, and documentation review - Module 4: Workshop – Establish Audit Scope and Objectives (02:00 – 03:30)
• Map assets and audit coverage areas
Day 2: Lifecycle Control and Risk Assessment
- Module 1: Procurement and Inventory Management (07:30 – 09:30)
• PO validation, receiving controls, asset tagging - Module 2: Asset Utilization and Tracking (09:45 – 11:15)
• Configuration databases, physical audits, ghost assets - Module 3: Risk-Based ITAM Auditing (11:30 – 01:00)
• Inherent and residual risks, prioritization models - Module 4: Workshop – Asset Lifecycle Risk Map (02:00 – 03:30)
• Identify risk points across the lifecycle
Day 3: Software Asset Management (SAM) and Licensing
- Module 1: Software Licensing Types and Risks (07:30 – 09:30)
• Volume licenses, SaaS, open-source, BYOD concerns - Module 2: Audit of Software Deployment and Usage (09:45 – 11:15)
• Installation tracking, license metering, usage data - Module 3: Vendor Management and Contract Review (11:30 – 01:00)
• SLAs, renewal terms, compliance clauses - Module 4: Workshop – License Compliance Checklist (02:00 – 03:30)
• Validate entitlements vs. deployment
Day 4: Decommissioning, Security, and Data Disposal
- Module 1: Asset Retirement and Data Wiping (07:30 – 09:30)
• Disposal policies, secure erase, environmental guidelines - Module 2: Security Controls Around End-of-Life Assets (09:45 – 11:15)
• Data leakage prevention, device traceability - Module 3: Physical and Digital Audit Trails (11:30 – 01:00)
• Evidence of disposal, documentation, audit log reviews - Module 4: Workshop – Decommissioning Risk Assessment (02:00 – 03:30)
• Map risks and controls for retired assets
Day 5: Reporting, Follow-Up and Final Review
- Module 1: Audit Findings, Ratings, and Recommendations (07:30 – 09:30)
• Prioritizing findings, root cause identification - Module 2: Drafting and Presenting an Audit Report (09:45 – 11:15)
• Structure, stakeholder communication, follow-up - Module 3: Final Case Study – End-to-End ITAM Audit (11:30 – 01:00)
• Group simulation and findings presentation - Module 4: Wrap-Up and Certification (02:00 – 03:30)
• Course review, feedback, and certificate distribution
Certification
Participants will receive a Certificate of Completion in IT Asset Management Audit, validating their capability to audit IT assets across their lifecycle with attention to governance, efficiency, security, and compliance.