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Auditing of CBIS

Auditing of CBIS. Chapter Ten. IIA Vs. AICPA. IIA Audit Scope Reliability and integrity Complies with operating parameters Review IC to safeguard assets Review uses of firm’s resources Review overall compliance with company objectives. Internal Audits. Financial

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Auditing of CBIS

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  1. Auditing of CBIS Chapter Ten

  2. IIA Vs. AICPA • IIA Audit Scope • Reliability and integrity • Complies with operating parameters • Review IC to safeguard assets • Review uses of firm’s resources • Review overall compliance with company objectives

  3. Internal Audits • Financial • reliability and integrity of accounting records • IS • general and applications controls of IS • Operational • economic and efficient use of resources

  4. Audit Risk • Inherent Risk • material misstatements without controls • perhaps specific technology or industry risk • Control Risk • material misstatements given the existing control structure • Detection Risk • probability that auditors will not detect errors

  5. Materiality • Define? • Reasonable assurance

  6. IS Audits • Security • Program development and acquisition • Program modification • Computer processing • the test data phase • Source data integrity • Safeguarding of data files

  7. Concurrent Audit Techniques • Integrated Test Facility (ITF) • can the system recognize fictitious records • Snapshot Technique • MF - TF - MF and auditor reviews • System Control Audit Review File (SCARF) • Continuous and Intermittent Simulation (CIS) • set audit parameters and collect data in a file • Audit Hooks • real-time notification of specific events

  8. Key to Audit Software • Integrate audit software and processes during design and implementation

  9. Become Wealthy;Donate Audit Software to ISU • Self-designed - comparison of reported and expected results; e.g., bonuses, commissions, wages, interest • GAS, ITF, SCARF • Automated flowcharting • Automated decision tables • Scanning routines (SSN example)

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