Page 31 - Auditinf Electronic System

GAAS (In traditional audit) GAAS (In electronic audit)

2.The auditor must maintain independence Independence:

in mental attitude in all matters relating He can`t audit his own work if he was hired

to the audit. for establishing the real time accounting

information system used, he cannot audit it

3.The auditor must exercise due
professional care in the performance of
the audit and the preparation of the
report.
Standards of Field Work (3 Standard)

1. The auditor must adequately plan the Planning and Supervision the team must
work and must properly supervise any include at least 1 expert in electronic systems
assistants.

2. The auditor must obtain a sufficient

understanding of the entity and

internal Control environment,

including its internal control, to assess

the risk of material misstatement of the

financial statements whether due to error

or fraud, and to design the nature,

timing, and extent of further audit

procedures.

Obtaining Sufficient Evidence (electronic
3. The auditor must obtain sufficient in nature)
appropriate audit evidence by gathering evidence relating to a
performing audit procedures to afford a computerized accounting system includes
reasonable basis for an opinion program flowcharts, logic diagrams, and
regarding the financial statements under decision tables that are not normally used in
audit.
non-computerized systems.

Standards of Reporting (4 Standards)

1. The auditor must state in the auditor's
report whether the financial statements
are presented in accordance with
Generally Accepted Accounting
Principles.

2. The auditor must identify in the auditor's
report those circumstances in which
accounting principles have not been
consistently observed in the current
period in relation to the preceding period.

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