Information Technology Audit Quiz

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What is the purpose of an information technology audit?

The purpose of an information technology audit is to examine the management controls within an IT infrastructure and business applications to determine if they are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organization's goals or objectives.

What are IT audits also known as?

IT audits are also known as automated data processing audits (ADP audits) and computer audits. They were formerly called electronic data processing audits (EDP audits).

What distinguishes an IT audit from a financial statement audit?

An IT audit differs from a financial statement audit in that the former evaluates the management controls within an IT infrastructure and business applications, while the latter evaluates the fairness and conformity of financial statements to standard accounting principles.

What types of audits may be performed in conjunction with an IT audit?

An IT audit may be performed in conjunction with a financial statement audit, internal audit, or other form of attestation engagement. Signup and view all the answers

What is the primary focus of an IT audit?

The primary focus of an IT audit is to examine the management controls within an IT infrastructure and business applications. Signup and view all the answers

What are the key aspects evaluated during an IT audit?

During an IT audit, evidence is evaluated to determine if the information systems are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organization's goals or objectives. Signup and view all the answers

What does the evaluation of evidence obtained during an IT audit determine?

The evaluation of evidence obtained during an IT audit determines if the information systems are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organization's goals or objectives. Signup and view all the answers

What are IT audits formerly known as?

IT audits are formerly known as electronic data processing audits (EDP audits). Signup and view all the answers

What distinguishes an IT audit from a financial statement audit?

An IT audit focuses on the management controls within an IT infrastructure and business applications, while a financial statement audit evaluates whether the financial statements present an entity's financial position, results of operations, and cash flows. Signup and view all the answers

What other form of engagement may IT audits be performed in conjunction with?

IT audits may be performed in conjunction with a financial statement audit, internal audit, or other form of attestation engagement. Signup and view all the answers

IT Audit Purpose

Examines IT management controls to ensure asset protection, data integrity, and effective operation towards organizational goals.

Alternate Names for IT Audits

Also known as Automated Data Processing (ADP) or computer audits; formerly Electronic Data Processing (EDP) audits.

IT Audit vs. Financial Audit

Evaluates IT infrastructure management controls, while the latter assesses financial statement fairness and conformity.

IT Audit Partnerships

May be performed with financial statement audits, internal audits, or other attestation engagements.