IT Governance: Implementing Frameworks and Standards for the Corporate Governance of IT

CHAPTER 17: IT AUDIT

Companies have become more and more dependent on technology to support financial reporting and almost all aspects of business operations, and to manage critical information assets. Continuous changes in technology and legislation create new exposures and requirements for all organisations. This emphasises the need for competence and experience in the proper evaluation of risks related to information technology, and the adequacy of an organisation’s technology control structure. Information technology is fundamental both to the work of financial auditors and to the financial audit process. It is therefore essential that auditors have a thorough understanding of the risks in IT systems that are relevant to the financial ...