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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