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ZENODO
Article . 2024
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2024
License: CC BY
Data sources: Datacite
ZENODO
Article . 2024
License: CC BY
Data sources: Datacite
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Integrating IT and Financial Audits: Bridging the Gap between IT Controls and Financial Reporting

Authors: Shiksha Rout;

Integrating IT and Financial Audits: Bridging the Gap between IT Controls and Financial Reporting

Abstract

The integration of IT and financial audits is crucial in today’s digitally driven business environment. This article explores the interplay between IT controls and financial reporting, emphasizing how IT audits significantly enhance the reliability and accuracy of financial audits. As financial reporting increasingly relies on system-generated data, the role of IT auditors in evaluating system controls becomes critical to ensuring data integrity. By bridging the gap between IT and financial audits, organizations can better safeguard against reporting inaccuracies and mitigate risks associated with IT system weaknesses. This article examines into the methodologies that strengthen collaboration between IT and financial audit teams, highlighting how a robust IT audit can validate the completeness and accuracy of system-generated reports. This integrated approach not only improves the quality of financial statements but also enhances regulatory compliance and organizational transparency.

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    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green