4xfast technologies
IT Audits
IT AUDITS
IN 4XFAST.COM IT AUDIT INVOLVES TWO MAJOR STEPS. IN THE FIRST STEP WE WILL GATHER INFORMATION AND DO SOME PLANNING THE SECOND STEP IS TO GAIN AN UNDERSTANDING OF THE EXISTING INTERNAL CONTROL STRUCTURE. MORE AND MORE ORGANIZATIONS ARE MOVING TO A RISK-BASED AUDIT APPROACH WHICH IS USED TO ASSESS RISK AND HELPS AN IT AUDITOR MAKE THE DECISION AS TO WHETHER TO PERFORM COMPLIANCE TESTING OR SUBSTANTIVE TESTING. IN A RISK-BASED APPROACH, IT AUDITORS ARE RELYING ON INTERNAL AND OPERATIONAL CONTROLS AS WELL AS THE KNOWLEDGE OF THE COMPANY OR THE BUSINESS.
THIS TYPE OF RISK ASSESSMENT DECISION CAN HELP RELATE THE COST-BENEFIT ANALYSIS OF THE CONTROL TO THE KNOWN RISK. IN THE “GATHERING INFORMATION” STEP WE WILL DO
KNOWLEDGE OF BUSINESS AND INDUSTRY
PRIOR YEAR’S AUDIT RESULTS
RECENT FINANCIAL INFORMATION
REGULATORY STATUTES
INHERENT RISK ASSESSMENTS
#IT AUDITS
IT Audits
IT AUDITS
IN 4XFAST.COM IT AUDIT INVOLVES TWO MAJOR STEPS. IN THE FIRST STEP WE WILL GATHER INFORMATION AND DO SOME PLANNING THE SECOND STEP IS TO GAIN AN UNDERSTANDING OF THE EXISTING INTERNAL CONTROL STRUCTURE. MORE AND MORE ORGANIZATIONS ARE MOVING TO A RISK-BASED AUDIT APPROACH WHICH IS USED TO ASSESS RISK AND HELPS AN IT AUDITOR MAKE THE DECISION AS TO WHETHER TO PERFORM COMPLIANCE TESTING OR SUBSTANTIVE TESTING. IN A RISK-BASED APPROACH, IT AUDITORS ARE RELYING ON INTERNAL AND OPERATIONAL CONTROLS AS WELL AS THE KNOWLEDGE OF THE COMPANY OR THE BUSINESS.
THIS TYPE OF RISK ASSESSMENT DECISION CAN HELP RELATE THE COST-BENEFIT ANALYSIS OF THE CONTROL TO THE KNOWN RISK. IN THE “GATHERING INFORMATION” STEP WE WILL DO
KNOWLEDGE OF BUSINESS AND INDUSTRY
PRIOR YEAR’S AUDIT RESULTS
RECENT FINANCIAL INFORMATION
REGULATORY STATUTES
INHERENT RISK ASSESSMENTS
#IT AUDITS