The objectives of an information system audit are to obtain reasonable assurance that an organization safeguards it data processing assets, maintains data integrity and achieves system effectiveness and efficiency. An information system (IS) audit or information technology (IT) audit is an examination of the controls within an entity’s Information technology.
How Lima can help you
The ERP/Software Audit involve a detailed review and validation of the existing ERP / software system in terms of its functional performance. A fully-fledged mapping of the existing business process in relation to the application software is carried out.
Lima assist in following categories: Information Processing Facilities, Systems Development and Management of IT and Enterprise Architecture.
Lima strength and experience
One of the Chartered Accountant members is CISA qualified and senior Chartered Accountant is ISA qualified. The Information technology engineering graduate and ERP implementation specialist leading the department.
As part of ERP implementing agency and audit/assurance stakeholders, Lima participated in several IS Audit. Currently all internal and external audit report of Lima includes a basic finding of IS Audit.
Lima Approach
A Lima approaches IS audit to focus on the following: Reduction of IT Risk, as they are assessed through the entire cycle and best practices. Improving IT governance by reducing risks, improving security, complying with regulations and facilitating communication between technology and business management. Standardizing the information systems of the business. Strengthening business efficiency and system and process controls. Planning for contingencies and disaster recovery.
The core of the audit is in validating the input versus output from the ERP /software that meet business requirements. Recommendation for optimization and enhancement to the existing application is one of the key deliverable of the Audit wherever applicable.
Special Features
Lima focus for the following salient benefits of the IS audit: Clarity in terms of usage of the ERP/Software Knowledge of user with respect to software Easy and definitive approach to ERP optimization Limiting or eliminating manual work done related to business process, Supports planning for ERP scale up. An important factor for success of any application implementation is utilization levels by the users. The Audit analyses, records and evaluates the utilization. Further, the existing access controls of the users are reviewed and detailed analyses of MIS reports are performed.