07-15-2010, 07:22 PM
Dear Jamil
I have been involved in IS/IT audit with KPMG, you are very right. IT audits have vital role with financial audit. The scope of overall IT audit to give assurance on Information system which the organization is using on particular/ different financial/non financial applications. However according to your questions, firms do a lot of test/ compliance and system walk through tests
Now lets come to your Questions
1)IT auditor assess it through analyzing their IT policies, their financial application reviews and after implementing their IT audit procedure to evaluate weather IT is supporting Information System which is ultimately producing financial information
2) IT audit conducted at pre audit planning phase to give assurance on IT complexities, behavior and its implication. However IT audit could be conducted anytime, if Financial auditor need some assistance on IT prospective which is called special queries raised by Auditor. It could be conducted on that time to give assurance.
So, IT auditor and Financial both works with same objectivity but with a different scope.
3)Well, in IT audit every firms have many design different controls, assertions, implementation and overall effectiveness assurance through different audit manuals, In KPMG it is global designed which is implemented in 140 countries.
I hope it would give you a basic idea of IT audit work, as far as how auditors work on it, it has different phases, documents, requirements, scopes, checklists, evaluation techniques, system analysis, audit evidences and plenty of other formal documentations.
Regards
I have been involved in IS/IT audit with KPMG, you are very right. IT audits have vital role with financial audit. The scope of overall IT audit to give assurance on Information system which the organization is using on particular/ different financial/non financial applications. However according to your questions, firms do a lot of test/ compliance and system walk through tests
Now lets come to your Questions
1)IT auditor assess it through analyzing their IT policies, their financial application reviews and after implementing their IT audit procedure to evaluate weather IT is supporting Information System which is ultimately producing financial information
2) IT audit conducted at pre audit planning phase to give assurance on IT complexities, behavior and its implication. However IT audit could be conducted anytime, if Financial auditor need some assistance on IT prospective which is called special queries raised by Auditor. It could be conducted on that time to give assurance.
So, IT auditor and Financial both works with same objectivity but with a different scope.
3)Well, in IT audit every firms have many design different controls, assertions, implementation and overall effectiveness assurance through different audit manuals, In KPMG it is global designed which is implemented in 140 countries.
I hope it would give you a basic idea of IT audit work, as far as how auditors work on it, it has different phases, documents, requirements, scopes, checklists, evaluation techniques, system analysis, audit evidences and plenty of other formal documentations.
Regards
