Test Data

In test data the auditor prepares the test data and the data is processed on the current production version of the client’s software. The test data is processed separately from client’s normal input data. The test data that is processed updates the auditor’s copy of the client’s data files. The updated files are examined to…

Read More

Audit Software Use

By use audit software, the auditor is able to test huge volumes of data within a very short time. Besides these functions can be performed using audit software: File re – organization such as indexing, sorting, merging and linking with other files Data selection such as data filtration File access Arithmetic functions Summarizing data Sample…

Read More

Audit Software

Any software with that capability of directly reading and accessing data from databases is called audit software. The software has the ability to carry out mathematical computation and operations, statistical analysis, sequence checks etc. the software assists the auditor in accessing directly the data stored in computer’s hard – disk and servers. There several types…

Read More

Internal Controls in a Computerized System

For all processing systems, including computerized systems, accuracy and reliability can be achievable only with conscious planning designed to assure satisfactory results. Information, protection, and control, the objective of internal control earlier, are equally applicable to computerized systems. In order to minimize the risks associated with special features in computerized the management is advised to…

Read More

Types of Auditors’ Reports

There are two types of audit reports. These are: Unqualified Reports – these are clean reports whereby the auditor was satisfied that all the necessary information and clarifications were properly made. All the issues that the auditor may have raised were properly addressed and all the supporting documents provided  Qualified Reports – these are reports…

Read More