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IT audit differences financial statement audit

How is an It audit different from a financial statement audit? What are the differences between the four main types of IT audits?

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In order to answer this question, the first thing that you need to take note of is what is a financial statement audit and what is a Information Technology Audit; after which you should be able to note the differences between the two. Secondly, you can list some of the main types of Information Technology audits and what each audit entails.

Note the following excerpts:

"A financial statement audit is a review completed by a Certified Public Accountant who is trained to look for GAAP compliance...It is performed by a CPA for the purpose of expressing an opinion as to the fairness of the information contained in the financial statements. The audit work is conducted in accordance with Generally Accepted Accounting Principles (GAAP) and includes those reviews of internal controls, tests, and verification of data and other activities deemed necessary by the auditor." Source:

"An information technology audit is an examination of the controls within an Information ...

Solution Summary

The solution discusses IT audit differences from a financial statement audit.