Page 35 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 35 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية3. 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 Consistent4. 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?Traditional audit IT audit Field Work Financial statements and it`s footnotes Financial and extended to non-financial information from real time accounting systemAudit evidence Traditional hard copy documents which are highly trusted Soft copy documents where their reliability depends on application systems and controls over those documents electronic evidences and trails Audit procedures Initiated after the preparation of financial information Traditional manual procedures (observation-Inquirymanual recalculation) Timely (Parallel procedures) and embedded audit modules in the applications systems Computer assisted audit techniques Timing Audit report is prepared on an annual basis Audit report is prepared immediately, daily or weekly Based on the integration between audit applications and client`s applications.Audit process 4 phases 5 Phases