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8 / 151

© 2008 Prentice Hall Business Publishing     Accounting Information Systems, 11/e    Romney/Steinbart

8 of 151

THE NATURE OF AUDITING

Auditors used to audit around the computer and ignore the computer and programs.

Assumption: If output was correctly obtained from system input, then processing must be reliable.

Current approach: Audit through the computer.

Uses the computer to check adequacy of system controls, data, and output.

SAS-94 requires that external auditors evaluate how audit strategy is affected by an organization’s use of IT.

Also states that auditors may need specialized skills to:

Determine how the audit will be affected by IT.

Assess and evaluate IT controls.

Design and perform both tests of IT controls and substantive tests.

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