Audit Proposal

In: Business and Management

Submitted By laurenzo
Words 1340
Pages 6
Learning Team A: Lisa Laurenzo, Bambi Snyder, Oscar Paulino, & Edsel Abreu
Audit Proposal
ACC/542 Accounting Information Systems
Instructor: Anita Rodriguez

Audit Proposal
Kudler Fine Food has expanded their business and has updated their computer systems to meet demands. As IT information is adopted within the organization, automation control processes have become more virtualized. To ensure that KFFs computerize systems function properly an audit must be performed on an annual basis. Management at Kudler Fine Foods wants to see the proposed audit schedules for all systems. Management wants to know the types of audit and how they will be conducted. In addition, management would like to know about events that might prevent reliance on auditing through the computer. There are four types of IT audits: attestation audits, findings and recommendations audits, SAS 70 audits, and statement auditing standards (SAS) 94 audits. During an attestation audit, the auditor provides assurance the client is responsible for something. After the responsible party makes the assertion of a letter to the auditor, the auditor begins the audit of the company. The auditor examines, reviews, or performs an agreed-upon procedure (AUP) and provides a written report to the responsible party on their findings. The AUP report is usually a negative assurance report stating what it was asked to do and any findings to provide feedback to the user.
The SAS 70 audit stands for the “State on Auditing Standards No. 70”. The SAS 70 audit is performed by a CPA firm and a data security expert with experience in network security and data center (Online Tech, 2009). A type 1 audit is performed for a specific date and a type 2 audit is performed for a specific period of time. The first step of a SAS 70 audit is the company prepares a list of claimed controls. The auditor visits the company,…...

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