Question

Explain what should be included in auditing an IT system what should be included and what are the difference between internal audit and external audit

Answer 1

IT audit destinations focus on substantiating that the internal controls exist and are working true to form to limit business risk. These audit goals incorporate guaranteeing consistence with legitimate and administrative necessities, just as the privacy, uprightness, and accessibility (CIA – no not the government office, however data security) of data frameworks and information.IT audits also includes identifying the application components, identifying application control strengths and evaluating the impact , testing strategy building and evaluating test results

Differences among Internal and External Audits:

Internal auditors are organization representatives, while external auditors work for an outside audit firm.

Internal auditors are contracted by the organization, while external auditors are selected by an investor vote.

Internal auditors don't need to be CPAs, while a CPA should coordinate the exercises of the external auditors.

Internal auditors can issue their discoveries in a report position, while external auditors must utilize explicit configurations for their audit suppositions and the executives letters.

Internal audit reports are utilized by the executives, while external audit reports are utilized by partners, for example, financial specialists, banks, and loan specialists.

Internal auditors will inspect issues identified with organization strategic policies and dangers, while external auditors look at the budgetary records and issue a feeling in regards to the fiscal summaries of the organization.

IF YOU HAVE ANY QUERY PLEASE COMMENT DOWN BELOW
PLEASE GIVE A THUMBS UP