4 - IS Audit and Input Controls

Implication auditors should understand

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Unformatted text preview: ter The internal auditor serves internal a firm’s management. • Implication: Auditors should understand implementations of internal controls. BUSI 335 Copyright © 2009-10 Y.M. Cheung, W. Tan, C. Woo and P. Bera 9 BUSI 335 Structure of a Financial Statement Audit (cont’d) Statement Audit (cont Transactions Accounting system Compliance testing Interim audit audit Copyright © 2009-10 Y.M. Cheung, W. Tan, C. Woo and P. Bera 10 Information Systems Auditing Concepts Concepts Question: Differentiate the following IS auditing approaches: Financial reports Cash Cash Bank Receivables Customers Confirm Confirm balances Substantive Substantive testing Financial statement audit BUSI 335 Copyright © 2009-10 Y.M. Cheung, W. Tan, C. Woo and P. Bera 11 BUSI 335 Copyright © 2009-10 Y.M. Cheung, W. Tan, C. Woo and P. Bera 12 Auditing Around the Computer (cont (cont’d) Auditing Around the Computer Auditing Around the Computer Accounting system system Input Totals are accumulated for accepted and rejected records. Processing Auditors emphasize control over rejected...
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