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3. Inconsistency in principles application:

     The auditor must identify in the auditor's report those circumstances when
     principles were not consistently applied. In IT audit, auditor should state these
     instances in which application of real time accounting policies was not Consistent

     4. Express an opinion on the financial statements as a whole:

     The auditor's report must either express an opinion regarding the financial
     statements, taken as a whole, or state that an opinion cannot be expressed.

    ➢ WHAT ARE THE MAIN DIFFERENCES BETWEEN THE TRADITIONAL AND
       IT AUDIT, SERVICES?

    Field Work       Traditional audit                        IT audit
       Audit    Financial statements and it`s        Financial and extended
                                                to non-financial information from
     evidence             footnotes                real time accounting system
                                                Soft copy documents where their
       Audit       Traditional hard copy        reliability depends on application
    procedures     documents which are           systems and controls over those
                                               documents electronic evidences and
      Timing            highly trusted
                                                                trails
       Audit          Initiated after the        Timely (Parallel procedures) and
      process     preparation of financial       embedded audit modules in the
                  information Traditional        applications systems Computer

                     manual procedures               assisted audit techniques
                   (observation-Inquiry-
                   manual recalculation)             Audit report is prepared
                                                  immediately, daily or weekly
                       Audit report is          Based on the integration between
                   prepared on an annual          audit applications and client`s

                            basis                          applications.
                                                              5 Phases
                          4 phases

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