MEJOS, Elaine Mae M.

BSAccountancy IV
Auditing in CIS Environment

ACTIVITY 3

RELATIONSHIP BETWEEN FINANCIAL AND I.T. AUDITING

I.T. auditing is a business tool that helps a company's top management

ensure that information systems, controls and mechanisms are
functional, adequate and in compliance with information technology
auditing standards. Financial auditing is a business practice that
helps top management ensures that accounting and financial reporting
guidelines adhere to professional standards. Information Technology
has revolutionized and changed the manner in which business operations
are presented. Accounting Information Systems as a result of this
rapid change helps in the ease and rapid preparation and record
keeping of financial transactions to generate financial statements.
With this, Auditing has changed to address this changed. Auditors must
be geared with the necessary skills in information technology in order
to come up with relevant, reliable, fair report about the business
operations.

References:

http://promrek.ru/littledms/folder1/chapter-4-audit-under-
computerised-information-system-cis-environment.pdf

https://www.investopedia.com/articles/professionaleducation/11/account
ing-information-systems.asp

http://asq.org/learn-about-quality/auditing/

Audit and Assurance Principles by J. Ireneo, S. Ireneo, G. James