IT Audit & Assurance
Audit & Assurance is a highly complex process, and the importance of auditors as a vital link in the financial reporting chain has never been more important nor their role as trusted advisors more valued. Next Solutions Limited Audit & Assurance professionals provide a range of Audit & Assurance and advisory services to assist clients in achieving their business objectives, managing their risk and improving their business performance.
Features and Benefits
An IT audit is used to evaluate the information systems and the safeguards present to protect these systems. The purpose of the IT audit is to determine whether or not these controls are used to secure information assets are working properly or not. The wider business must realize the importance of the IT auditing to enjoy the maximum benefits. The top five benefits of an IT Audit are :
Checks susceptibility to threat
Much of the accounting is done through cloud accounts or other online systems. All the information from the details of the financial transactions to the sensitive data of the customers and employees are vulnerable through the IT system. The risk is always there but with an IT audit, companies will be assured that the operation is taking place at the lowest possible risk. Further, the companies can plan and execute proper security strategies to properly counter the high-risk areas.
Evaluating the System
Conducting an IT audit will let companies know whether they are investing in the right system or not. This will ensure that the system is functioning efficiently and is meeting all the objectives and goals that it was meant to. If there is something wrong with the system, the IT auditor will suggest the changes that can be made, to create a more efficient information system.
An IT auditing instills the confidentiality, availability, and integrity of the data. It ensures the safety of the sensitive data from any kinds of threat.
An IT audit will not only access risks but also identify and evaluate controls. Ineffective or inadequately laid out controls can be restructured or reinforced.
Develops IT Governance
IT Governance constitutes leadership, the framework of the entity, and practices that will make certain that the IT of an entity supports and continues the plan of action and goals of the organization.