Through this service, we gain a better understanding of technology risks and assess the related controls to help management implement better controls. Better controls and insights result in better information. Better information helps people make faster and more confident decisions.
This service involves performing IT-related procedures in support of financial statement audits and/or as part of the integrated audit, including evaluating IT general control design and operating effectiveness and testing application controls. We examine management controls within an IT infrastructure, in conjunction with a financial statement audit, internal audit or other form of attestation engagement. IT audits allow for:
- Understanding IT-enabled business change (what is changing and why)
- Deconstructing the flow of transactions and data in business processes from initiation to reporting
- Critically analyzing business processes to identify where risks could occur
- Assessing controls in place to address those risks
- Advising on opportunities to enhance processes or controls, leveraging the significant technology investments made by clients
Through these efforts, we provide insights, candid observations and permitted services to help translate uncertainty into confidence, especially in the areas of emerging technologies and risks.