Top Five Benefits of IT audit

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IT auditors often find themselves educating the business community on how their work adds value to the organization. Internal audit departments common IT audit component that is applied with a clear vision of its role in the organization. However, in our experience as IT auditors, the wider business community needs to understand the IT audit in order to realize maximum results. In this context, we are publishing this brief overview of special benefits and added value provided by IT audit.

To be more precise, a review can take a wide range of IT processing and communications infrastructure as client- server systems and network, Platform, security, software, web services, databases, telecom infrastructure, change management methods and disaster recovery planning.

Series standard audit begins with identifying risks, then assess the design inspection and testing finally performance controls. Skill auditors can add value in each phase of the audit.

Organizations maintaining overall IT audit to provide assurance technology monitoring and ensuring regulatory compliance with federal or industry-specific requirements. As investments in technology grow, IT audit can provide assurance that risks are managed and heavy losses are unlikely. Companies can also decide that a high risk of outage, security threat or vulnerability. There may also be requirements for regulatory compliance such as Sarbanes Oxley Act or requirements that are specific to the industry.

below discusses five key areas where the auditors can add value to the organization. Of course, the quality and depth of the technical review is a prerequisite to add value. The proposed scope of the audit is also important to VAT. Without a clear mandate on what business processes and risk will be reviewed, it is difficult to ensure the success or value

So here are our top five ways for IT audit adds value :.

1. Reduce the risk. The planning and implementation of IT audit consists of analysis and evaluation of IT risk in the organization.

audits usually cover risks related to the confidentiality, integrity and availability of information technology infrastructure and processes. At risk are effectiveness, efficiency and reliability of IT

When assessing risks, there can be a clear vision of what course to take -. To reduce or minimize the risk control, to transfer risk through insurance or simply accept the risk as part of the work environment.

A critical concept here is that the risk is risk. Any threat or vulnerability of critical IT operations can have a direct impact on the entire organization. In short, the organization needs to know where the risks are and then proceed to do something about them.

Best Practices in IT risk used by auditors are ISACA CobiT and Rice germ framework and ISO / IEC 27002 standard ‘Code of practice for information security management.

2. Strengthen monitoring (and improve safety). After evaluating the risk described above, control can then be identified and evaluated. Poorly designed or ineffective controls can be redesigned and / or grants.

The CobiT framework of IT control is particularly useful here. It consists of four high-level domain that reached 32 control processes useful in reducing risk. The cobia focuses on all aspects of information among the control objectives, key performance indicators, the indicators objectives and critical success factors.

accountant can use Cobian to assess the control of the establishment and make recommendations that add real value to the IT environment and the organization as a whole.

Another control framework of the committee sponsoring organizations Treadway Commission (coso) model of internal controls. IT auditors can use this framework to assure (1) effectiveness and efficiency of operations, (2) reliability of financial statements and (3) compliance with applicable laws and regulations. The framework contains two episodes of five related directly control -. Control environment and control activities

3. Compliance with laws and regulations. Extensive regulations on the federal and state levels are specific requirements for information security. The IT auditor serves a critical role in ensuring that certain conditions are met, the evaluation of risks and controls implemented.

Sarbanes Oxley Act (Corporate and Criminal Fraud Accountability Act) requirements for all public companies to ensure that internal controls are adequate, as defined in the framework of the committee sponsoring organizations Treadway Commission (coso) above. That is what the auditor provides assurance that such requirements are met

Health Insurance Portability and Accountability Act (HIPAA) has three areas of IT requirements -. Administrative, technical, and physical. That is what the auditor has a key role to ensure compliance with the requirements.

Various industries have more requirements such as Payment Card Industry (PCI) Data Security Standard in the credit card industry such as Visa and Mastercard.

In all these compliance and regulatory fields, IT auditor plays a key role. Organizations need assurance that all requirements are met.

4. Facilitate communication between business and technology management. Auditing can have a positive impact on opening channels of communication between business and technology management organization. Auditors interviewed, monitor and test what is happening in reality and in practice. The final delivery of the audit are useful information in written reports and oral. Senior management can get feedback about how their organization is functioning.

technical experts in the agency will also need to know the expectations and objectives of management. Accountants help this communication from the top down through participation in meetings with management and technology through a review of the current type of policy, standards and guidelines.

It is important to understand that the audit is a key element in overseeing management technology. The company’s technology to support their business strategy, operations and activities. Align business and supporting technology is important. Withdrawals but this rhythm.

5. Improve IT management. The IT Governance Institute (ITGI) has published the following definition:

‘IT Governance is the responsibility of management and the Board, and consists of the leadership, organizational structure and processes ensure that the company is maintaining and extending methods organization and goals. “

The leadership, organizational structure and processes referred to in the definition of the whole point of the auditors as key players. Central to auditing and general IT management is a strong understanding of the value, risk and control around technology environment organization. Specifically, IT auditors review the value, risk and control in every major aspect of technology -. Application, infrastructure and people

a different perspective on the government consists of a frame four main objectives which are also covered in the data IT Governance organization:

* It is in line with the company * It enables business and maximizes benefits * What resources are used responsibly * IT risk is controlled appropriate

IT auditors provide assurance that each of these objectives are met. Each goal is important to the establishment and is therefore important in IT audit.

To sum up, IT audit adds value by reducing risks, improving safety, in accordance with the rules and facilitate communication between technology and business management . Finally Audits improves and strengthens the overall IT governance

References :.

ISACA. Control Objectives for Information and related Technology (CobiT).

ISO / IEC 27002 practice for information.

Committee sponsoring organizations Treadway Commission (coso) Framework.

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