Auditing in cis environment

  • (PDF) 4 Audit under Computerised Information System (CIS) Environment MW Artisan - Academia.edu.

  • How audit is conducted in a computer environment?

    Auditing Around the Computer: It is the type of auditing done in a traditional method.
    The auditor summarizes the input data and ignores the computer's processing but ensures the correctness of the output data generated by the computer, this approach is generally referred to as “auditing around the computer”..

  • How does the IT environment affect auditing?

    Information technology affects the reduction of audit risk through electronic data processing and electronic auditing, which helps auditors reduce the likelihood of errors in audit work and increase the probability of discovery, which in turn leads to a reduction in audit risk..

  • What are the advantages of CIS environment?

    Boosting Productivity and Cost Saving.
    Automating CIS Controls can also improve productivity while saving time and money.
    The controls were designed to help organizations quickly direct resources towards actions with high-value payoff and focus on additional risks unique to their business..

  • What are the components of a CIS environment?

    A CIS environment involves three main components: “ a way to connect remote participants (i.e. awareness regarding the focused collaboration among individuals to accomplish a shared activity) ; a shared space for exchanging information (i.e ..

  • What are the three other types of IT audits?

    Types of IT audits

    Technological innovation process audit.
    This audit constructs a risk profile for existing and new projects. Innovative comparison audit. Technological position audit: This audit reviews the technologies that the business currently has and that it needs to add..

  • What are the types of internal control in CIS?

    There are three main categories of internal controls: preventative, detective and corrective.
    Internal controls are characteristically summed up as a series of policies and procedures or technical protections that are put in place to prevent problems and protect the assets of a business organization..

  • What does CIS stand for in the context of IT audit?

    (PDF) 4 Audit under Computerised Information System (CIS) Environment MW Artisan - Academia.edu..

  • What is a CIS environment in auditing?

    Share this page: A CIS environment exists when one or more computer(s) of any type or size is (are) involved in the processing of financial information, including quantitative data, of significance to the audit, whether those computers are operated by the entity or by a third party..

  • What is auditing in an information technology environment?

    An Information Technology audit is the examination and evaluation of an organization's information technology infrastructure, applications, data use and management, policies, procedures and operational processes against recognized standards or established policies..

  • What is CIS audit?

    A CIS environment exists when one or more computer(s) of any type or size is (are) involved in the processing of financial information, including quantitative data, of significance to the audit, whether those computers are operated by the entity or by a third party..

  • What is CIS environment in auditing?

    Share this page: A CIS environment exists when one or more computer(s) of any type or size is (are) involved in the processing of financial information, including quantitative data, of significance to the audit, whether those computers are operated by the entity or by a third party..

  • What is the approach to auditing in CIS environment?

    Auditors must perform tests of controls if they intended to rely on the client's internal control.
    Accordingly, the methods empliyed by the auditor in testing the control may also be affected.
    In testing application controls, the auditor may either audit around the computer assisted audit techniques.Sep 30, 2020.

  • What is the audit risk in CIS environment?

    Under CIS environment, the risk of fraud \& error is relatively high.
    Thus higher management supervision and better internal control environment is required. 9.
    Use of CAAT: The audit under CIS environment cannot be carried by traditional (manual) approaches, effectively.Jul 7, 2023.

  • What is the responsibility of auditor in CIS environment?

    Auditors must perform tests of controls if they intended to rely on the client's internal control.
    Accordingly, the methods empliyed by the auditor in testing the control may also be affected.
    In testing application controls, the auditor may either audit around the computer assisted audit techniques.Sep 30, 2020.

  • Why do we need to have knowledge on auditing a CIS environment?

    The auditor should understand and consider the characteristics of the CIS environment because they affect the design of the accounting system and related internal controls, the selection of internal controls upon which the auditor intends to rely, and the nature, timing and extent of the procedures..

  • A CIS environment involves three main components: “ a way to connect remote participants (i.e. awareness regarding the focused collaboration among individuals to accomplish a shared activity) ; a shared space for exchanging information (i.e .
  • Audit of IT systems is the process of deriving assurance on whether the development2, implementation and maintenance of IT systems meets organizational goals, safeguards information assets and maintains data integrity.
  • Information technology affects the reduction of audit risk through electronic data processing and electronic auditing, which helps auditors reduce the likelihood of errors in audit work and increase the probability of discovery, which in turn leads to a reduction in audit risk.
  • Reliability and integrity of information.
    Safeguarding of assets.
    Effective and efficient use of resources.
    Compliance with significant policies, procedures, laws and regulations.
  • The auditor should understand and consider the characteristics of the CIS environment because they affect the design of the accounting system and related internal controls, the selection of internal controls upon which the auditor intends to rely, and the nature, timing and extent of the procedures.
  • There are three main categories of internal controls: preventative, detective and corrective.
    Internal controls are characteristically summed up as a series of policies and procedures or technical protections that are put in place to prevent problems and protect the assets of a business organization.
Jul 7, 2023Auditing in CIS environmentAuditors' judgement: budgeting the figures and comparing them with actual figures.Ratio analysis / checking  ,Jul 7, 2023It is a method of compensating the audit trail.
It involves tagging the clients input data such that only relevant data is highlighted on the  ,Jul 7, 2023The auditing through the computer requires the use of various audit software packages and some computer assisted audit techniques.
AUDIT  ,Jul 7, 2023Under CIS environment, the auditing cannot be carried effectively using traditional / conventional and manual techniques of auditing.
The  ,A CIS environment exists when one or more computer(s) of any type or size is (are) involved in the processing of financial information, including quantitative data, of significance to the audit, whether those computers are operated by the entity or by a third party.,The biggest advantage of auditing around the computer is the ease and simplicity, since the auditor does not require in-depth knowledge of system application program in order to perform his duties.,Under CIS environment, the auditing cannot be carried effectively using traditional / conventional and manual techniques of auditing.
The auditing through the computer requires the use of various audit software packages and some computer assisted audit techniques.

What is a CIS environment?

For the purposes of AUSs, a CIS environment exists when a computer of any type or size is involved in the processing by an entity of financial information of significance to the audit, whether that computer is operated by the entity or a third party

02 The auditor should consider how the CIS environment affects the audit

What is the audit approach in a CIS environment?

Based on The knowledge and expertise of Auditors in handling computerised data, the audit approach in a CIS environment could be either: A

A Black-box approach i

, Auditing around the computer, or B

A White-box approach i

, Auditing through the computer

,A

The Black Box Approach produced

When should a cis be audited?

(a) where there is a complex calculation, and inherent and/or control risks have been assessed as high due to, for instance the risk of error, the auditor may design audit procedures to obtain audit evidence regarding the quality of controls over changes to the CIS, and in particular the entity's testing of those changes

1. What is information Technology? Information technology (IT) refers to everything that businesses use computers for. Informa…

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