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Concurrent Audit Techniques (contain.)
Auditors normally use five concurrent audit techniques:
(1) Integrated test facility [ITF],
(2) Snapshot technique,
(3) System control audit review file [SCARF],
(4) Audit Hooks,
(5) Continuous and Intermittent Simulation (CIS)
Integrated Test Facility (ITF)
An integrated test facility (ITF) technique places a small set of fictitious records in the master files.
The auditor compares processing with expected results to verify that the system and its controls are operating correctly.
Integrated test facility is a sort of CAATs used by the auditors to make an assessment of the financial applications.
Integrated test facility is a computer auditing technique used both external & internal auditors, information system auditors, risks analysts and for everyone who develops standard applications in Account View and wishes to test them automatically in a variety of ways.
Benefit from the fact that ITF has been developed especially for Account View and supports accounting processes. Use the special test scenarios to check whether entries have been made to the correct ledger accounts, to confirm that warehouse quantities correspond with the rest of the stocks administration, that processing speed has not been reduced, that operation in a network environment does not cause problems (network tests), or that particular keystrokes still have the same effect.
Following are the main advantages of integrated test facility:
incorporate test transactions into a normal production run of a system to eleminate the risk of wrong transaction or worng outputs
An integrated test facility (ITF) creates a fictitious entity in a database to process test transactions simultaneously with live input. It can be used to incorporate test transactions into a normal production run of a system. Its advantage is that periodic testing does not require separate test processes. However, careful planning is necessary, and test data must be isolated from production data. Integrated test facility is considered a useful audit tool during an IT audit because it uses the same programs to compare processing using independently calculated data. This involves setting up dummy entities on an application system and processing test or production data against the entity as a means of verifying processing accuracy.
The company's successful work is that you are using an accounting system facilitates their work and the work of the audit or references where the maintenance of record daily publicrecords General Ledger and securitization of all accounting operations, whether the orders to pay - Exchange - catch or accounting adjustments and thus show all the accounts and balances both City or creditor and the systemintegrated accounting for all ofits operations and it facilitates on accounts Alkhtamahobnhih the extraction say that thesuccess of any company is through its unified accounting system
An integrated test facility creates a fictitious entity in a database to process test transactions simultaneously with live input.
Mostly used by Auditor for testing transactions into a production run of a system.
The main benefit of this is that periodic testing does not require separate test processes.
It can be used to incorporate test transactions into a normal production run of a system. Its advantage is that periodic testing does not require separate test processes.However, careful planning is necessary, and test data must be isolated from production data. Integrated test facility is considered a useful audit tool during an IT Audit because it uses the same programs to compare processing using independently calculated data