Audit And Information System Audit

Audit is one of the important processes within business organization, in which examination of resources, data, financial transactions and statements, business processing and performances has to be done. On the basis of above examinations, a report has to be generated which is called audit report and is handed to senior staff members. In order to process an audit, the various steps have to be followed such that every domain within the organization has been examined. The procedure for conducting auditing has several phases: audit planning process, evaluation and testing for identifying risks and issues, reporting and report generation. The documents and other records are needed so that auditor does the auditing process such as: financial transactions,

Auditing process includes auditing on technology innovation and infrastructure, information and system application processing, telecommunication and system development. In these auditing classes, audit process includes several parameters on which auditing depends such as performance, scalability, cost factor, implementation cost, issues and problems associated with technology. The complete audit report includes deep analysis of all above risk factors and contains solutions and opinions by various technology experts to fix the

Information system is software or a tool that manages records or data of various business operations such as employee records, salary details of employees, transaction details, sales record and client details. A business firm manages all data in an efficient manner so that it will be a profitable for an organization. On the other hand, business process is a way in which work within an organization is coordinated and managed using set of rules and regulations. For managing different business operations such as: for business transactions there is Transaction Information System(TIS), for managing reports and other transactions Management Information System (MIS), Decision Support system for non-routine decision making and for managing external affairs there is Executive Support System. These information systems have different functionalities and features. These information systems have to be analyzed and audit has to be done by analyzing business processes associated with each information