Importance of IT in the audit
IT is playing an increasingly important role at organisations. The processes are often so intertwined that operations are heavily dependent on a properly functioning IT system. Naturally, then, IT plays an important part in the financial statement audits by Van Oers Audit.
Integrated audit strategy in IT auditing
An IT audit, as an integral part of the financial statement audit, is based on the way in which your company’s processes are set up. These processes form the basis for your auditor’s risk analysis; the corresponding audit framework and the resulting audit strategy. The audit strategy may include a test of the ‘application controls’, as they are commonly known. This is followed by a test of the ‘IT general controls’ (logical access controls, change management and continuity) that provide the framework of conditions to ensure that the application controls identified function properly. The chief benefit for your company lies in the fact that you are able to rely on your system and on the control measures that it encompasses. Once the interim audit is complete, we will report our findings to you.