Description
E-mail of 3 pages
Your project lead has asked you to determine if PVSS has ever conducted an audit. After further investigation of the situation, you determine that this will be the first review that PVSS has conducted or to which it has been subjected. Your project lead has asked you to summarize your review and next steps.
In an e-mail of 2–3 pages to your project lead, complete the following:
- Explain what steps you will need to develop and establish to facilitate a successful audit.
- List and describe the steps and tasks required to implement an audit program.
- In addition, describe the audit class(es) that would be applicable to your contracted audit.
- Describe which information systems would be considered part of the scope for the audit.
Grading Rubric:
|
Discussion Topic |
Points |
|
List and describe the steps needed to establish an audit program. |
60 |
|
Discussion about the Scope of Audit Classes and Information Systems involved in the Audit |
30 |
|
Quality of the writing:
|
15 |
Explanation & Answer
Attached. Please let me know if you have any questions or need revisions.
Running head: INFORMATION TECHNOLOGY AUDIT
Information Technology Audit
Student's Names
Institution Affiliation
Date
1
INFORMATION TECHNOLOGY AUDIT
2
Information Technology Audit
The auditing team will be tasked to report to the management at Peak View Sound
Sources (PVSS) on identified issues and possible control challenges and recommend
implementable proposals. This proposed audit program will help set out the direction that the
auditing team will need to follow for a successful auditing exercise of PVSS. After the design
is prepared, the auditing team will allocate the various roles and prepare a program that will
contain all steps required to conduct the exercise. The auditing exercise will adopt the steps
listed below:
(i). Define audit goals and objectives
(ii). Audit announcement and planning meeting
(iii). Fieldwork
(iv). Reviewing and communicating outcomes
(v). Audit exit and report
The first step will involve conducting preliminary planning and gathering of
information concerning the activity. The audit program will also include applicable
procedures by reviewing the results of a previous audit if any. The second phase will involve
issuing the audit engagement memo to PVSS's management for consideration. In the form of
a memo, the engagement will introduce the goals of the audit exercise and a detailed plan
review process. After that, the auditee and the auditing team will formally meet to discuss the
auditing exercise's actualization and subsequent phases. During the meeting, the client could
also provide an overview of challenges, operations, and programs relevant to areas that
require intense concentration.
The third phase will involve gathering information and performing audit testing to
better understand the auditee's internal structures and controls. Fieldwork will also involve
examining records and other relevant documents with tangible evidence to establish internal
INFORMATION TECHNOLOGY AUDIT
3
controls' effectiveness. Additionally, this step may involve evaluating compliance with
relevant policies and performing detailed testing of transactions for completeness. If...
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