Page 20 - Auditinf Electronic System

+ Assurance + Assurance - Assurance
He gives an opinion He gives an opinion He gives a
conclusion

Third: It audit and Implications of information technology on external
audit.

Third: in this part of the chapter, we will cover
First: What is the IT audit? What is its purpose?
Second: What are the phases of an IT audit & how do they differ from traditional

external audit?
Third: What is the effect of IT audit on audit risk model?

First: What is the IT audit? What is its purpose?

The purpose of an IT audit is to provide an independent assessment of som
e technology- or systems-related object, such as proper IT implementation, or
controls over computer resources. Because most modern accounting information
systems use IT, IT plays a significant role in a financial (external audit), where the
purpose is to determine the fairness and accuracy of financial statements, external
auditors conduct IT audit as Subset of financial audits it Is NOT a separate
independent audit.

Second: What are the phases of an IT audit & how do they differ from
traditional external audit?

The 4 phases of IT auditing are the Same as Traditional external auditing:

Phase 1: Accepting the client
Phase 2: planning, and designing audit approach
Phase 3: Implementing field work-Tests of internal controls, Substantive tests.
Phase 4: Completion of the audit and issuing audit report

20 21
‫جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية‬