FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -The scope of audit includes the assessment of internal controls in the auditable entities. Such an assessment may be undertaken either as an integral component of an audit or as a distinct audit assignment.

Detailed explanation-2: -Audit Scope Meaning Audits are performed for several purposes: regular “checkups” of company records, to check for internal errors, for the purpose of finding fraud inside a company, for the purpose of finding fraud in another company, or even for the purpose of finding tax income and other offenses against IRS law.

Detailed explanation-3: -IT audits is an examination of management controls within IT infrastructure. It not only examines physical security controls but also the business and financial controls that involve information technology systems.

Detailed explanation-4: -The primary objectives of an IT audit include: Evaluate the systems and processes in place that secure company data. Determine risks to a company’s information assets, and help identify methods to minimize those risks.