Presentations on independence

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Presentations on Independence

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Presentations on independence

  1. 1. S2 IndependenceIntroduction01 ISACA Standards contain basic principles andessential procedures, identified in boldtype, that are mandatory, together with relatedguidance. Slides Prepared By Raju S Narayanan who can be contacted by sending a mail to rajusnarayanan@financialconsultantindelhi.
  2. 2. S2 Independence….02 The purpose of this IS Auditing Standard is toestablish standards and guidance onindependence during the audit process. Slides Prepared By Raju S Narayanan who can be contacted by sending a mail to rajusnarayanan@financialconsultantindelhi.
  3. 3. S2 Independence….04 Organisational IndependenceThe IS audit function should be independent ofthe area or activity being reviewed to permitobjective completion of the audit assignment. Slides Prepared By Raju S Narayanan who can be contacted by sending a mail to rajusnarayanan@financialconsultantindelhi.
  4. 4. S2 Independence….Commentary05 The audit charter or engagement lettershould address independence andaccountability of the audit function. Slides Prepared By Raju S Narayanan who can be contacted by sending a mail to rajusnarayanan@financialconsultantindelhi.
  5. 5. S2 Independence….06 The IS auditor should be and appear to beindependent in attitude and appearance at alltimes. Slides Prepared By Raju S Narayanan who can be contacted by sending a mail to rajusnarayanan@financialconsultantindelhi.
  6. 6. S2 Independence….07 If independence is impaired in fact orappearance, the details of the impairmentshould be disclosed to the appropriate parties. Slides Prepared By Raju S Narayanan who can be contacted by sending a mail to rajusnarayanan@financialconsultantindelhi.
  7. 7. S2 Independence….08 The IS auditor should be organisationallyindependent of the area being audited. Slides Prepared By Raju S Narayanan who can be contacted by sending a mail to rajusnarayanan@financialconsultantindelhi.
  8. 8. S2 Independence….09 Independence should be regularly assessedby the IS auditor, and management and theaudit committee if one is in place. Slides Prepared By Raju S Narayanan who can be contacted by sending a mail to rajusnarayanan@financialconsultantindelhi.
  9. 9. S2 Independence….10 Unless prohibited by other professionalstandards or regulatory bodies, there is norequirement for the IS auditor either to be, or tobe seen to be, independent where the nature ofthe involvement in the IS initiative is one of anon-audit role. Slides Prepared By Raju S Narayanan who can be contacted by sending a mail to rajusnarayanan@financialconsultantindelhi.
  10. 10. S2 Independence….11 The following guidance should be referred tofor further information on professional ororganisational independence:. IS Auditing Guideline G17 Effect of NonauditRole on the IS auditor’s Independence. IS Auditing Guideline G12 OrganisationalRelationship and Independence. COBIT Framework, Control objective M4 Slides Prepared By Raju S Narayanan who can be contacted by sending a mail to rajusnarayanan@financialconsultantindelhi.
  11. 11. S2 Independence….Operative Date12 This ISACA Standard is effective for allinformation systems audits beginning 1 January2005. Slides Prepared By Raju S Narayanan who can be contacted by sending a mail to rajusnarayanan@financialconsultantindelhi.

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