METHOD AND PRACTICE OF COMPUTERIZED AUDIT (2 Credits)

Learning Outcomes:

On successful completion of this course, students will be able to: LO1 – Perform Discuss how technology is constantly evolving and shaping today’s business (IT) environments and the auditing profession and define financial auditing; LO2 – Explain Discuss IT crimes, cyber-attack and explain the three main categories of crimes involving computers; LO3 – Define Control objectives for information and related technology and explain why they are useful for organizations and auditors; LO4 – Explain What Computer-Assisted Audit Techniques (CAATs) are and describe the role theyplay in the performance of audit work; LO5 – Perform data analysis operation using features of Audit Command Language (ACL) and financial fraud issues in computer based accounting system; LO6 – Identify audit objectives, internal control, test of control, and substantive test issues in relation to business processes cycles (revenue cycle, expenditure cycle and production cycle) using ACL.

Topics:

1. The IT Audit Process;
2. Finding Documenting and Reporting;
3. Analyzing the Data;
4. Computer-Assisted Audit Techniques (CAATs);
5. Information System Operations;
6. Understanding and Access the Data;
7. Tools and Techniques Used in Auditing IT;
8. Legislation Relevant to Information Technology;
9. Overview of Audit Command Language and Planning the Project;
10. Application Systems: Risks and Controls;
11. Production Cycle and Review;
12. Information Technology Environment and IT Audit;
13. Auditing the Revenue Cycle and Expenditure Cycle.