Reasons for auditing around the computer

  • What are the advantages of auditing through the computer?

    Auditing through the computer may be defined as the verification of controls in a computerized system..

  • What are the uses of computers for auditing purposes?

    Computer-assisted audit approach is a very useful audit method for substantive testing or company files/data/records.
    Computer-assisted audit techniques involve computers or audit software to help test and evaluate company files/data relatively easily compared to testing of programs and data processing procedures..

  • What is the major reason for maintaining an audit trail for a computer system?

    Audit trails maintain a record of system activity both by system and application processes and by user activity of systems and applications.
    In conjunction with appropriate tools and procedures, audit trails can assist in detecting security violations, performance problems, and flaws in applications..

  • What is the need of audit of computers?

    It improves security, ensures regulatory compliance, and enhances the overall IT governance.
    IT auditors examine not only logical and physical security controls but also overall business and financial controls that involve information technology systems..

  • Why do you need a computer audit?

    The best reason to do a computer audit is to remove aggravation from your customers, your employees and even yourself.
    A good computer audit will check for disk space use, check for clues about failing hard drives, and even whether or not you have installed all the important Windows security updates..

  • Why might an auditor audit around the computer?

    Auditing around the computer is one of the methods of evaluating a client's computer controls.
    It picks source documents randomly and verifies the outputs with the inputs.
    This method can only exist when controls over the computer system are non-existent..

  • 5 benefits of using audit software

    .
    1) Reduce the duplication of effort. .
    2) Improve the accuracy of data captured during an audit. .
    3) Gather more information during every audit. .
    4) Eliminate ambiguity in audit reports. .
    5) Demonstrate compliance throughout the audit trail. What you should do now.
  • A number of benefits are associated with using computer assisted audit techniques and tools.
    For example, an entire population of data can be tested instead of a small sample.
    This process would not be feasible using traditional auditing techniques.
    Computer assisted audit techniques are typically easy to use.
  • Audit around the computer approach is used in situations when auditor is of the opinion that computer system is reliable and often comparison of inputs i.e. source documents to outputs i.e. financial reports is done which in auditor's judgement is enough.
Answer and Explanation: An auditor will apply the auditing around the computer approach in a situation where they have the opinion that computer system is reliable.
The auditors use this method to evaluate a client's computer controls.,What is Audit around the computer?lack of appropriate system documentationauditor lacks expertise or skills to understand or use the computer system for 

A computer liquidator buys computer technology and related equipment that is no longer required by one company

And resells (flips) it to another company.Computer liquidators are agents that act in the computer recycling


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