Author Topic: Impact of ICT in Audit  (Read 224 times)

chandra

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Impact of ICT in Audit
« on: August 30, 2018, 12:22:17 GMT »
Irrespective of level of economic development of countries across the globe, there is growing trend of using information and communication technology (ICT) by the organisations; government or private. Use of ICT has in greater extent helped to bring work efficiency and provide better services to the citizen and users by the organisation. The use use of ICT by the organisations (auditor's clients) has posed auditors with new and emerging risks. Unlike in manual records of books of accounts and financial reporting, there is no physical object to examine in ICT environment. In ICT environment, auditors are expected to have knowledge of ICT systems; how the system were designed, developed. Auditors need to understand general and application controls within the ICT system being used by their clients. Auditors need know the ICT Governance; security of information and disaster recovery plans.
With Best Regards,
Chandra Kanta Bhandari, FCA, CPFA

Napodano

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Re: Impact of ICT in Audit
« Reply #1 on: September 03, 2018, 07:31:03 GMT »
Thank you for that, Chandra;

There is an interesting chapter on Information Technology Control Activities in the INTOSAI Guidelines (page 32).
The Guidelines can be downloaded from http://pfmboard.com/index.php?topic=8958.msg31299#msg31299

 

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