View
124
Download
1
Category
Preview:
DESCRIPTION
New approaches in internal audit
Citation preview
2
New Approaches in Internal Audit
• Risk Based Audit• Continuous Audit and Supervision• IT Audit
3
Risk Based AuditRisk based audit becomes applicable based on these reasons;• Resources for audit activities are not enough.• Brand new risks may emerge.• Activities involve relatively different severity levels.
Aim: Transferring Internal Audit Resources to most Risky areas
RISKIdentifyAssess
MeasureMonitor
AUDIT PLAN
Risk Based Audit Concept
4
Continuous Audit and Monitoring
Outcome benefits from IT,
• Continuous supervision of processes,• Immediate audit following the transaction,• Early warning system before the risk is materialized.
5
IT Audit
– Information Systems (IS) provide more effective works with less errors, so it causes more addiction to IS. Important processes flow on IS.
– IT systems are vulnerable to many risks:
• Authentication• Data Integrity/Consistency• Data Confidentiality (Privacy)• Business Continuity
6
Changing Approaches in Audit
TRADITIONAL• Detection• Functional• Including whole• Once• Partial
MODERN Prevention Process based Risk oriented Continuous Integrated
Recommended