Organizations are increasingly processing their financial data in automated information systems. It becomes, therefore, increasingly important for accountants to integrate IT audit knowledge in their team when conducting annual audits.
Specialist knowledge of IT and IT management needs is necessary for the assessment based on Information Technology (IT) controls in the financial reporting process. An IT auditor may assist your accountant by investigating the programmed controls and general IT controls. The main objective is to identify risks that may affect data reliability. The IT auditor forms judgment on the extent to which your accountant can rely on the accuracy, timeliness and completeness of the automated data processing. This assessment enables the auditor your accountant to perform the annual audit more efficiently.