An information technology audit is a review and assessment of the information technology infrastructure, applications, data use and management, policies, procedures, and operational processes of an organization in comparison to accepted standards or established norms.
An IT audit is performed to examine the security procedures and processes in place as well as IT governance in general. The organization is less susceptible to data breaches and other security concerns thanks to the IT auditor’s impartial oversight of the installation of these procedures.
Scope of IT Audit:
- System security.
- Standards and procedures.
- Performance monitoring.
- Documentation and reporting.
- Systems development.
The financial records of the company are examined during an audit to ensure their accuracy. This is accomplished through a thorough examination of your transactions. For small businesses, audits examine things like your financial statements and accounting records. Once a year, standard audits are conducted on many firms.
The fundamental controls that can be used on IT systems such as applications, operating systems, databases, and supporting IT infrastructure are known as IT general controls (ITGC). The goals of ITGCs are to protect the data and supporting systems’ processes’ integrity.
Types Of IT Audit
- Internal audits.
- External audits.
- Financial statement audits.
- Performance audits.
- Operational audits.
- Employee benefit plan audits.
- Single audits.
- Compliance audits.
Benefits Of IT Audit:
The advantages of performing a technology audit
- Discovers security flaws.
- Ensures that security measures are current for the organization.
- lays the groundwork for the new security regulations adopted by the organization.
- Enables the company to be ready to respond to a cyberattack rapidly and successfully.
