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Unformatted text preview: Week 5: Impact of IT and Audit Programs - Lecture Impact of IT and Audit Programs Fraud, Evidence, and Computer Sabotage | Internal Control and IT Systems | Governance of Information Technology This week we begin our journey into understanding the client's internal controls of the information technology (IT) system. The CPA exam tests the candidate's understanding of the significance of IT Systems and how that affects the auditor. This is done in both the Audit exam and in the Business Environment Concepts exam. Most businesses in the United States use some form of technical information systems to manage their financial accounts. Imagine a Fortune 500 business not using a computerized system and you would have to think back to pre-1980. However, once you move out of the mid- to large size businesses, you would discover that use of sophisticated computerization in the small business community is not as widespread. Those smaller businesses will still sometimes require the services of the auditor. Even if you are fortunate enough to not have any smaller, computer-less clients, an auditor must consider that the client's computerized system could be severely corrupt and...
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- Spring '10
- auditor., IT Systems