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What is auditing computer based information system?

What is auditing computer based information system?

Auditing is the sys- tematic process of obtaining and evaluating evidence regarding assertions about economic actions and events in order to determine how well they correspond with established criteria. The results of the audit are then communicated to interested users.

What is ICT in audit?

An ICT audit is: “The use of technology for gathering, storing, retrieving, processing, analyzing, and transmitting information to optimize an audit’s effectiveness and efficiency, and to support and maintain the integrity of the audit process.” – IAF MD4.

What is the need of control and audit of computer?

However, they need to ensure that their IT systems are reliable, secure and not vulnerable to computer attacks. 6. IT audit is important because it gives assurance that the IT systems are adequately protected, provide reliable information to users and properly managed to achieve their intended benefits.

WHAT is IT audit and control?

An IT audit is the examination and evaluation of an organization’s information technology infrastructure, policies and operations. Information technology audits determine whether IT controls protect corporate assets, ensure data integrity and are aligned with the business’s overall goals.

Why do we need information system audit?

In summary, an information systems audit is important because it gives assurance that the IT systems are adequately protected, provide reliable information to users, and are properly managed to achieve their intended benefits.

What is Information System audit explain with example?

The effectiveness of an information system’s controls is evaluated through an information systems audit. It is a part of a more general financial audit that verifies an organization’s accounting records and financial statements. Information systems are designed so that every financial transaction can be traced.

What is information System audit explain with example?

How do you conduct an ICT audit?

IT audit strategies

  1. Review IT organizational structure.
  2. Review IT policies and procedures.
  3. Review IT standards.
  4. Review IT documentation.
  5. Review the organization’s BIA.
  6. Interview the appropriate personnel.
  7. Observe the processes and employee performance.

What are the audit procedures?

Audit procedures definition

  • Classification testing. Audit procedures are used to decide whether transactions were classified correctly in the accounting records.
  • Completeness testing.
  • Cutoff testing.
  • Occurrence testing.
  • Existence testing.
  • Rights and obligations testing.
  • Valuation testing.

What means audit trail?

An audit trail is a detailed, chronological record whereby accounting records, project details, or other financial data are tracked and traced.

Is the accounting system in a computer based environment?

The accounting systems of many companies, large and small, are computer-based; questions in all ACCA audit papers reflect this situation. Students need to ensure they have a complete understanding of the controls in a computer-based environment, how these impact on the auditor’s assessment of risk, and the subsequent audit procedures.

How are computer auditors used in an AIS audit?

Describe the different tools and techniques auditors use to test software programs and program logic. Describe computer audit software, and explain how it is used in the audit of an AIS. Describe the nature and scope of an operational audit. 11-2 Auditing

What are the objectives of an Information Systems Audit?

Information Systems Audit Using the risk-based framework for an information systems audit allows the auditor to review and evaluate internal controls that protect the system to meet each of the following objectives: Protect overall system security (includes computer equipment, programs, and data)

How to audit in a computer-based environment?

A regular printout of master files such as the wages master file could be forwarded monthly to the personnel department to ensure employees listed have personnel records. These are policies and procedures that relate to many applications and support the effective functioning of application controls.