System Audit

To err is human, not computers. But that doesn’t mean that you sit back and forgo monitoring the systems working for you. System audit ensures that your electronic accounting system is in fine fettle and working dexterously.

Businesses have a love-hate relationship with accounting. On the one hand, they can’t survive without it because bookkeeping allows them (and their clients!) to make better business decisions. On the other hand, they find maintaining and auditing books of accounts such a drag. That’s where accounting software come in and transform such a tedious task into a hobby. Modern software systems have replaced many of the old hat, manual, routine-based accounting processes. After all, speed with accuracy matters. Almost every company in the UAE and other parts of the world is using accounting software to manage their bookkeeping journals which necessitates auditing of integrated IT systems.

System Audit in UAE

Big or small, public or private, free zone or mainland, companies are required to conduct several audits on their internal controls, existing systems and financial statements from time to time to acquire management and financial information which is imperative to keep track of everything that can make or break their business. System audit aka IT audit and information system audit is one of them. An all-encompassing analysis of everything that falls into the category of technology infrastructure used by a business, especially the financial and operational system is what we call system audit. It usually involves the structure, the system to safeguard the information, the security mechanisms intended for shielding the information and maintaining the integrity of financial data. The system audit process completes in 6 steps:

  • System review
  • Weighing vulnerability of information system
  • Detection of potential threats
  • Examination of internal controls
  • Final evaluations

System Audit: Significance

Debits, credits and all things numbers, business is all about accounting. It’s not called the backbone of businesses just like that. It is accounting only that communicates the health of your business. Gone are the days, where accounting used to be a cumbersome process. Tons of manual entries, huge paperwork and tedious calculations. Thanks to information technology the things are a lot easier and faster now. It’s all automated now! But just feeding details in the system using the best of accounting software and not looking back assuming that everything is safe and protected is an open invitation to risks. To stay up to date about the important information that owners, managers and investors need, by providing them with the right information and to continuously gauge a company’s financial performance, an audit of books of account is what the doctor ordered. And equally important is to audit the system that is being used for record-keeping and accounting purposes.

Performing a system audit is paramount as it lets an organization review the performance of its operational systems. An efficient system audit enables companies to not only assess the actual performance of their operations compared to what was planned but also warrant that the goals pursued by the organization remain relevant.

System Audit: Objective

Conducted with an aim to figure out the vulnerabilities and loopholes in the system and find out ways to enhance the productivity, efficiency, and efficacy of the system, system audit is a process of evaluating and reviewing the information systems installed in an organization up to the hilt. A systematic and independent study to establish whether activities and related results adhere to the planned arrangements and whether these arrangements are implemented effectively and are appropriate and adequate to accomplish goals. The review of IT infrastructure can be conducted concurrently with the financial audit or internal audit in order to confirm that proper control exists in the managing of the information systems and the output produced is authentic and free from fraud or manipulation.

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System Audit: Benefits

A system auditor ensures that the auditee’s information system is effectively placed and functioning properly in line with the objectives of the management. In a nutshell, a system audit tells the auditees how they can improve the productivity, efficiency, and efficacy of the system. Conducting a system audit is beneficial because it –

  • Betters transparency and provides the organization with an overview of the current information system
  • Lowers down the chances of fraud and errors
  • Enhances reliability by covering a range of threats and mitigating them
  • Helps secure data by way of identifying risks so that the audited organization redesigns or strengthens the poor design
  • Perks up efficiency in business operations
  • Detects the loopholes in the system
  • Brings to light the risky areas in the system security, so management can act proactively and plan before any incident

Adam Global: IT/System Audit Services in UAE

An IT or system audit is conducted with the purpose to evaluate how effectively a company is maintaining their protocols and to navigate the company towards improvement. Effective IT audit services help organizations not only better internal controls and security but also achieve their IT goals and objectives. System audits are performed by IT professionals who are well acquainted with various information systems of an organization and how they can be used to block the abuse of organizational resources. IT systems play a direct role in the value of an organization’s business; therefore, developing them is a must. It involves evaluating the hardware, software, data, and users. Adam Global has a team of qualified system auditors who have years of experience and expertise in handling information system/ IT audits. The system audit specialists at Adam Global are well equipped to interpret the risks in connection with the information systems and they conduct the IT or information system audit keeping in mind all the risks and offer the consultancy and advisory services after identifying all the risks that the business is exposed to. It is the foremost objective of Adam Global in IT audit to provide efficient solutions to the businesses that are vulnerable to the risks associated with the information systems audit.


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