Get to Know IS Audit Services Process and Benefits
IS Audit Services | miro.medium.com
As for the information system (IS) and information technology audit services are concerned, they deal with the determination and evaluation of potential risks, their remediation or mitigation, with the objective of keeping the proper functioning of the IS, as well as the overall business of the organization. In other words, through the IS audit process, you can identify and examine the security controls of the information systems and operations of the organization.
With the IS audit process, you get the analysis of evidence, which ensures that the information system components that secure assets and support data integrity are effectively functioning to attain the overall objectives of the organization. The audit reviews conducted will be in line with the financial statement or other audit forms.
What Does IS Audit Services Include?
Some of the prime categories the IS audit services cover are:
Systems and Applications: They focus on the systems and applications within your business
Systems Development: The process also examines whether the systems under development are in adherence to the organizations requirements and standards.
Information Processing Facilities: Determine if the IT processes are operating properly, correctly and timely under disruptive or normal conditions.
Management of IT: Ensure that the IT management structure is in compliance with the requirement and functions in a controlled and effective manner.
What Is the Objective of IS Audit Review and Assessment?
The following is the goal of IS audit review and assessment:
1.Integrate, systematize and improve business processes and business information designed in the information system
2.Determine potential weaknesses and define solutions for readying controls over the IT supported processes.
3.Centralize the security control system and remove the delay in information
4.Quicken the collection process of business information
5.Conform to regulations
6.Wherever possible reduce IT-related costs for they make up a considerable proportion of the total costs of the organization
7.Evaluate the ERP system before, as well as after implementation
8.Maintain customer data availability, integrity and confidentiality
9.Have IT assessment and strategy aligned
10.Achieve and ensure IT management standards
Various Benefits of IS Audit Services
Business organizations rely on IT systems owing to the increase in the amount of data threats. Any disturbances in IT are sure to have greater influence on the IT-related businesses. With IS audit, you can let know the businesses how it adds value to the business. Other than giving a clear perspective of their importance in the business, the IS audit extends to a broad range of IT processing infrastructure. Here are a few benefits of undergoing IS audit:
Helps minimize IT risks as the potential risks are identified through assessment every year and remediation are suggested according to ISACA COBIT, ISO or IEC 27002 frameworks.
Facilitates better IT governance by minimizing risks, adherence to regulations, improves security and initiating communication between the business management and technology.
Improving business efficiency, as well as system and process controls.
Preparing for contingencies and planning for disaster recovery.
With the above IS audit services, you can have your information system align with your business objectives.