An information technology audit, or information systems audit, is an examination of the management controls within an Information technology (IT) infrastructure. The evaluation of obtained evidence determines if the information systems are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organization's goals or objectives. These reviews may be performed in conjunction with a financial statement audit, internal audit, or other form of attestation engagement.
When should business owners consider conducting an IT audit?
When IT budgets are out of line with current economic conditions--notwithstanding timely strategic initiatives--and when IT isn't meeting the basic reporting requirements necessary to make tactical decisions in a rapidly changing or competitive marketplace. Another time to consider an audit is when human resource issues cause factions of competing interests that aren't consistent with strategic direction. And also when IT projects consistently overrun budgets or consistently don't meet expectations.
We at Ascent Consulting assist various organizations in achieving their information systems control objectives and improving business processes by Technological innovation process audit and Technological position audit.