Question

Disaster Recovery Plans and Systems and how does it affect auditing and accounting

Answer 1

Disaster recovery plan is made to overcome any type of disaster which may be natural or manmade. It includes all type of recovery methods to overcome certain disaster. It involves certain policies, tools and procedures to be followed to keep the vital business functions working while any disaster occurs.
It can also be said that disaster recovery plan is made to keep the business continuity.
Disaster recovery plan, plays an important role and is an essential aspect of business.
They protects the organisations investments in IT systems and operating infrastructure.

Now, the Disaster Recovery Plans and Systems affects auditing and accounting as :

• It will help in auditing as it maintains the IT data, which would be useful in planning out audit procedures.
• Accounting is protected when such disasters occurs.
• Whether internal audit or extrenal audit takes place, disaster recovery plan helps in maintaining industry standards and company policies.