Saturday, January 16, 2016

An Intuitive Look Into IT Auditing

By Amanda Davis


These days, most big companies conduct trades that result in lots of profits. In essence, there are some companies that operate without analyzing the systems put in place to ensure company data is not lost. IT auditing is a big factor in determining the integrity of data.

Auditing is a very important part of business management. Over the years, there have been reported cases of dishonest employees teaming up with outsiders with the aim of committing fraud. When the right mechanisms are put in place, business owners can avoid running into such situations. Good auditing techniques should provide effective ways for detecting fraud, loss of data, testing systems and checking how well employees comply with company security policies.

In general, a small sized company would need a good security system more than a large one. This can be attributed to the fact that a small company may not be well cushioned to handle a serious financial loss as a result of a security breach. It may most likely depend on all the profit that it makes to remain afloat in a very competitive world.

Basically, information technology audits usually cover a plethora of areas. They include computers, servers, networks, operating systems, web services, software, databases, disaster recovery plans and telecommunications infrastructure. There are laid down procedures that have to be adhered to when conducting audits. Auditors first begin by identifying risks. Once through with this process, they conduct assessments on the control measures put in place and their effectiveness.

Every good auditor should leave a positive mark wherever he goes. While one company may prefer conducting its own in house audit, another may have a preference for enlisting outsiders. A self respecting company should ensure each of its systems do not fall short of the state and industry regulations.

As more business owners look towards modern technology to further their growth agendas, so does auditing as a management practice. Good auditors ought to be fully capable of pinpointing vulnerabilities in all the systems that their clients use. There are lots of competent auditors within Sydney.

In general, there are several ways through which companies stand to benefit by regularly carrying out system audits. First and foremost, managers always attribute them to reduced risks. When best practices are used in their planning and execution, experts can uncover hidden risks within systems with relative ease. In general, risks can be manifested in aspects such as confidentiality, integrity and in the ability of employees to access information whenever they need it.

Another primary purpose of carrying out audits in business management is to strengthen controls. Once risks have undergone assessment, mechanisms can be put in place to keep them under control. In this case, poorly designed controls can be reevaluated and finally strengthened. As stated before, business processes ought to comply with laws. There are several state regulations aimed at keeping the way information is processed and shared in check. Auditors should always ensure that all risks undergo stringent assessment and controls undergo implementation. At the end of the day, businesses should be capable of maintaining effective communication. Furthermore, this should be accomplished without compromising security.




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