Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
INFORMATION   TECHNOLOGY IN  AUDITING A  REVOLUTIONARY  CONCEPT
INTRODUCTION <ul><li>Maintenance Of Accounts In Computerized Networks </li></ul><ul><li>Process Of Collecting And Evaluati...
REASONS   FOR   IT   AUDITING <ul><li>Absence Of Input Documents </li></ul><ul><li>Lack Of Visible Transaction Trail </li>...
APPROACHES <ul><li>The Black Box Approach </li></ul><ul><li>The White Box Approach </li></ul><ul><li>Computer Program Appr...
 
IT   AUDIT   PROCESS <ul><li>Obtain An Understanding Of The Organization Environment </li></ul><ul><li>Identify Risks That...
CAAT <ul><li>Computer Assisted Audit Techniques </li></ul><ul><li>Tool For Auditors To Gather Evidences Independently </li...
AUDIT   SOFTWARE <ul><li>Generalized Audit Packages </li></ul><ul><li>Purpose Written Software </li></ul><ul><li>Embedded ...
TEST   DATA <ul><li>Test Packs </li></ul><ul><li>Integrated Test Facility </li></ul><ul><li>Data File Interrogation </li><...
MISCELLANEOUS   TECHNIQUES <ul><li>System Activity File Interrogation </li></ul><ul><li>Program Code Analysis </li></ul><u...
A C I <ul><li>Will Organization's Computer System Be Available For Business At All Times When Required? (Availability) </l...
CONTROLS <ul><li>Input Controls </li></ul><ul><li>Processing Controls </li></ul><ul><li>Output Controls </li></ul>
MANUAL   VS   COMPUTERISED   AUDIT <ul><li>Complexity Of Accounting System </li></ul><ul><li>Audit Trails </li></ul><ul><l...
 
LIMITATIONS <ul><li>Knowledge Of Computer Programs </li></ul><ul><li>Understand The Computer Program Language </li></ul><u...
 
THANK   YOU BY, PREM   KUMAR   .S. PRADEEP KUMAR .N. SURESH BABU .R. KIRAN KUMAR
Upcoming SlideShare
Loading in …5
×

Income Tax Audit

1,994 views

Published on

Income Tax Audit

Published in: Technology, Business
  • Be the first to comment

  • Be the first to like this

Income Tax Audit

  1. 1. INFORMATION TECHNOLOGY IN AUDITING A REVOLUTIONARY CONCEPT
  2. 2. INTRODUCTION <ul><li>Maintenance Of Accounts In Computerized Networks </li></ul><ul><li>Process Of Collecting And Evaluating Evidence </li></ul><ul><li>Examinations Of Controls Within Computerized Environment </li></ul>
  3. 3. REASONS FOR IT AUDITING <ul><li>Absence Of Input Documents </li></ul><ul><li>Lack Of Visible Transaction Trail </li></ul><ul><li>Lack Of Visible Output </li></ul><ul><li>Accessibility Of Data And Computer Program </li></ul>
  4. 4. APPROACHES <ul><li>The Black Box Approach </li></ul><ul><li>The White Box Approach </li></ul><ul><li>Computer Program Approach </li></ul>
  5. 6. IT AUDIT PROCESS <ul><li>Obtain An Understanding Of The Organization Environment </li></ul><ul><li>Identify Risks That Result In Material Mis-statement </li></ul><ul><li>Evaluate Organization Response To Those Risk </li></ul><ul><li>Asses The Risk Of Material Mis - statement </li></ul><ul><li>Evaluate Results And Issue Reports </li></ul>
  6. 7. CAAT <ul><li>Computer Assisted Audit Techniques </li></ul><ul><li>Tool For Auditors To Gather Evidences Independently </li></ul><ul><li>To Gain Access And To Analyze Data For Pre-Determined Audit Objective </li></ul><ul><li>Technical Auditing Working Papers </li></ul>
  7. 8. AUDIT SOFTWARE <ul><li>Generalized Audit Packages </li></ul><ul><li>Purpose Written Software </li></ul><ul><li>Embedded Audit Facilities </li></ul><ul><li>Program (parallel) Simulation </li></ul><ul><li>Utility Programs </li></ul>
  8. 9. TEST DATA <ul><li>Test Packs </li></ul><ul><li>Integrated Test Facility </li></ul><ul><li>Data File Interrogation </li></ul>
  9. 10. MISCELLANEOUS TECHNIQUES <ul><li>System Activity File Interrogation </li></ul><ul><li>Program Code Analysis </li></ul><ul><li>Flow Chart Review </li></ul>
  10. 11. A C I <ul><li>Will Organization's Computer System Be Available For Business At All Times When Required? (Availability) </li></ul><ul><li>Will Information In The System Be Disclosed Only To Authorized Users? (Confendiatility) </li></ul><ul><li>Will The Information Provided By The System Always Be Accurate, Reliable, And Timely? (Integrity) </li></ul>
  11. 12. CONTROLS <ul><li>Input Controls </li></ul><ul><li>Processing Controls </li></ul><ul><li>Output Controls </li></ul>
  12. 13. MANUAL VS COMPUTERISED AUDIT <ul><li>Complexity Of Accounting System </li></ul><ul><li>Audit Trails </li></ul><ul><li>Internal Control Systems </li></ul><ul><li>Audit Planning </li></ul><ul><li>Consequences Of Errors </li></ul>
  13. 15. LIMITATIONS <ul><li>Knowledge Of Computer Programs </li></ul><ul><li>Understand The Computer Program Language </li></ul><ul><li>Very Expensive </li></ul><ul><li>Dependence More On Other Persons </li></ul><ul><li>Settings of Software </li></ul>
  14. 17. THANK YOU BY, PREM KUMAR .S. PRADEEP KUMAR .N. SURESH BABU .R. KIRAN KUMAR

×