HIST 1003 Chapter : Aftermath Of World War I
Document Summary
Auditing, involves the process in which an individual or entity (the auditor) provides assurances to at least 1 other individual or entity regarding representations or assertions made by some 3rd party (the auditee). Auditing through the computer the process of reviewing and evaluating the internal controls in an edp system. Auditing with the computer use of the computer by an auditor to perform some audit work that otherwise would have to be. The term information systems auditing is commonly used to describe two different types of it-related activity. Objective of the external auditor: to attest to the fairness of a firm"s financial reports. Serves the firm"s stockholder"s, the gov"t, done manually and the general public. Internal and external auditors do similar things in the area of information systems auditing. Objective of the internal auditor: serves the firm"s management. An audit is almost universally divided into 2 basic components: the interim audit & the financial statement audit.
