B Com Exam > B Com Videos > Auditing and Secretarial Practice > Information System Audit - Review of Internal Control, Auditing and Secretarial Practice
Information System Audit - Review of Internal Control, Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
FAQs on Information System Audit - Review of Internal Control, Auditing and Secretarial Practice Video Lecture - Auditing and Secretarial Practice - B Com
| 1. What is an information system audit? |  |
Ans. An information system audit is a systematic evaluation of an organization's information systems, including its processes, controls, and technologies. It aims to assess the effectiveness and efficiency of these systems, identify areas of improvement, and ensure compliance with relevant laws and regulations.
| 2. What is the purpose of reviewing internal controls in an information system audit? | |
Ans. The purpose of reviewing internal controls in an information system audit is to evaluate the design and effectiveness of the controls implemented within an organization's information systems. This helps in identifying any weaknesses or gaps that may pose a risk to the organization's data security, integrity, and availability.
| 3. What is the role of auditing in information system audit? | |
Ans. Auditing plays a crucial role in an information system audit by providing an independent and objective assessment of an organization's information systems. It involves examining the processes, controls, and transactions to ensure compliance, accuracy, and reliability of the information system. Auditing helps in identifying any discrepancies, errors, or fraudulent activities that may impact the organization's operations.
| 4. How does the review of secretarial practice contribute to an information system audit? | |
Ans. The review of secretarial practice in an information system audit focuses on assessing the compliance of an organization's secretarial activities with relevant laws, regulations, and corporate governance principles. This helps in ensuring the proper management and control of corporate records, documents, and processes. It also helps in identifying any potential risks or vulnerabilities in the organization's secretarial practices that may impact the integrity and confidentiality of its information systems.
| 5. What are the key benefits of conducting an information system audit? | |
Ans. Conducting an information system audit offers several key benefits, including:
- Identifying and mitigating risks related to data security, privacy, and compliance.
- Evaluating the effectiveness and efficiency of internal controls within the information systems.
- Ensuring the reliability and accuracy of financial and operational information.
- Enhancing the organization's ability to detect and prevent fraud and unauthorized activities.
- Providing recommendations for improving the overall performance and security of the information systems.
Text Transcript from Video
in this video we will discuss about
steps of information system audit
Institute will be expecting six steps
for this question so what are these six
steps scoping planning fieldwork
analysis reporting and closing now
question is how to remember this point
so first two step during pre audit
scoping and planning is done before
actual starting the auditor next to step
is then during audit execution fieldwork
and analysis and last two step after
auditor is post audit reporting and
closing but more technique to remember
all six steps remember these three
sentence Scotland is planning Finland is
analyzing and Republic of China is
closing
I know it's Finland but for our answer
let us keep restful and so if we
remember this three sentence we will
remember our full answer
now three audit steps Scotland is
planning scoping and planning in scoping
you need to write auditor determines the
main area of focus determines the area
which is out of scope and also involves
in background working and reading
previous audit reports and other related
materials in planning you need to write
scope is broken into further details
planning about audit workflow and rakes
and control matrix is carried out audit
steps Finland is analyzing that is
fieldwork and analysis in fieldwork
auditor basically gathers the evidence
by way of interview reviewing documents
and observing processes analysis part
involves analysis of evidence gathered
earlier two techniques when is sport
another is pest can be used for analysis
okay so post or it steps that is
Republic of China's closing reporting
and closing in reporting the auditor is
involved in reporting to the management
or it observations are reported to the
management closing further involves
follow up with the management to
complete actions on the audit
observations and also inverse preparing
not for future audit thanks for watching
steps of information system audit
Institute will be expecting six steps
for this question so what are these six
steps scoping planning fieldwork
analysis reporting and closing now
question is how to remember this point
so first two step during pre audit
scoping and planning is done before
actual starting the auditor next to step
is then during audit execution fieldwork
and analysis and last two step after
auditor is post audit reporting and
closing but more technique to remember
all six steps remember these three
sentence Scotland is planning Finland is
analyzing and Republic of China is
closing
I know it's Finland but for our answer
let us keep restful and so if we
remember this three sentence we will
remember our full answer
now three audit steps Scotland is
planning scoping and planning in scoping
you need to write auditor determines the
main area of focus determines the area
which is out of scope and also involves
in background working and reading
previous audit reports and other related
materials in planning you need to write
scope is broken into further details
planning about audit workflow and rakes
and control matrix is carried out audit
steps Finland is analyzing that is
fieldwork and analysis in fieldwork
auditor basically gathers the evidence
by way of interview reviewing documents
and observing processes analysis part
involves analysis of evidence gathered
earlier two techniques when is sport
another is pest can be used for analysis
okay so post or it steps that is
Republic of China's closing reporting
and closing in reporting the auditor is
involved in reporting to the management
or it observations are reported to the
management closing further involves
follow up with the management to
complete actions on the audit
observations and also inverse preparing
not for future audit thanks for watching
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Sep 24, 2025
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