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Unit 8: Auditing in Computerized Environment
Notes
Did u know? Audit team members and management can share report files by implementing
simple controls over access such as read-only access to those not authorized to change the
files.
8.5.6 Database of Audit History
The audit history database should provide a historical perspective for all audits on the plan or
schedule. Audit histories can identify recurring or unresolved issues or problems, or indicate
areas of risk. Moreover, many sections of audit work papers can be copied from prior files and
updated to save auditors time and effort. Audit reports can be indexed by key words to facilitate
review or searching, or may be searched in their entirety depending on the techniques employed.
Similarities in data patterns, audit findings, or recommendations can be found using indexing
or search technology, and can support expansion or reduction of audit scope.
8.5.7 Computer Based Training
Embedded training and help features are included in most audit software tools today. Many
software vendors offer both generic and specific training for the use of software tools. However,
computer based training can span the broad range of auditing and auditing activities, and
should not be limited by previous experience. Training can be informal and self-motivated, or
it can be formal through audit administration providing feedback to the trainee as well as to
audit management. Using computer based training, as an audit tool is most likely to be self-
motivated. It may be limited by the time and tools available, the speed at which the tools
operate, or the auditor’s energy, imagination and exposure to information.
Example: If auditors don’t have access to the Web, they can’t use it to search for
information. If their access path is slow, then the time requirements may quickly outpace the
value received or reduce the auditor’s enthusiasm for such learning. If travelling auditors do not
have remote access to their central files or e-mail, they can’t search audit histories to seek input
from others on a problem or question.
Ultimately, audit management, in keeping with its budget, will determine the tool set provided
to auditors, but the auditors themselves will determine how effectively the tools are being used.
Training should focus on how to seek out and learn new information and approaches, not
merely on how to perform previously defined tasks or use existing software features.
Self Assessment
Fill in the blanks:
12. Expert systems provide a ………………..……. to add broad support and increased
functionality to audit work paper tools.
13. Record selection criteria may be based on …………audits.
Task You have been appointed as the auditor of Hitech Limited which maintains its
account on computers. Prepare a note on the approach you would follow in checking the
internal control system of Hitech Limited.
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