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.
How do you audit a computer system?
Here are the vital steps of performing a system audit.
- Review. In this phase, the system auditor tries to comprehend the management practices and various functions used at multiple levels of the IT hierarchy.
- System Vulnerability is Assessed.
- Threats are Identified.
- Internal Controls are Analyzed.
- Final Evaluation.
What is auditing in EDP environment?
An EDP audit is a check and balance to this dynamic system. An EDP audit could discover any number of tasks that are being duplicated by different employees or departments. This process could help reveal opportunities for consolidation on a large or small scale.
How AIS is relevant for auditing?
AIS are vital for internal auditors because they process the transactions, that is, they maintain financial records. It is, to the best of my knowledge, the first study to do so.
Who performs operational audits?
internal audit staff
Operational audits are usually conducted by the internal audit staff, though specialists can be hired to conduct reviews in their areas of expertise. The primary users of the audit recommendations are the management team, and especially the managers of those areas that have been reviewed.
What is computer audit assessment?
An audit is an examination and evaluation, often in regard to financial records or accounts, which are checked for accuracy. A computer audit generally means an audit of a company’s computer networks and related technology and software, as well as the procedures in place with regard to the use of IT resources.
What is difference between accounting and auditing?
Accounting maintains the monetary records of a company. Auditing evaluates the financial records and statements produced by accounting.
What are the 4 types of accounting information?
These four branches include corporate, public, government, and forensic accounting.
What are the function of AIS?
An accounting information system (AIS) is used by companies to collect, store, manage, process, retrieve, and report financial data. AIS can be used by accountants, consultants, business analysts, managers, chief financial officers, auditors, and regulators.
How can auditors use computer-based accounting systems to audit?
The nature of computer-based accounting systems is such that auditors may use the audit client company’s computer, or their own, as an audit tool, to assist them in their audit procedures. The extent to which an auditor may choose between using CAATs and manual techniques on a specific audit engagement depends on the following factors:
What is the nature of Audit?
– Auditing involves collecting, reviewing, and documenting audit evidence. – The auditor uses criteria such as the principles of management control discussed in previous chapters to develop recommendations. f THE NATURE OF AUDITING • Auditors used to audit around the computer and ignore the computer and programs.
What is the research methodology used in auditing computer based information systems?
This research paper focuses on auditing the computer based information systems. The research methodology adopted in this case is the descriptive research based on secondary data. For the secondary data, the research paper focuses on five published research papers related to the similar field.
What are the objectives of an information system audit?
• When performing an information system audit, auditors should ascertain that the following objectives are met: – Security provisions protect computer equipment, programs, communications, and data from unauthorized access, modification, or destruction.