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Audit Assignmenr

In: Business and Management

Submitted By cashvaultt
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Types of Audits
To distinguish between the types of audits that may be used for each process of Kudler Fine Foods IT Systems, the auditor must first determine which audit is appropriate. There are different audits available for the processes at Kudler Fine Foods; including attestation, findings and recommendations, SAS 70, and SAS 94. The auditor will need to decide which audit is most appropriate for the Accounting Information System and the Retail Enterprise Management System incorporated into Kudler’s Systems.
During an attestation audit, the auditor will provide assurance for a specified topic or issue for which the client is responsible. An assertion is made based on specified criteria, and the results are provided in a report.
The findings and recommendations audit is used when, “implementing systems, security review, database application review, IT infrastructure and improvements needed engagement, project management, and IT internal audit services” (Hunton, Bryant, & Bagranoff, 2004, p. 217). This type of report does not include the auditor’s opinion, but any information pertaining to the work performed is included.
The SAS 70 audit includes information pertaining to a company’s internal controls and is used when services, such as payroll are outsourced to an ADP. An ADP provides payroll services to companies at a lower rate than it would cost if the company were to handle this in-house. An SAS 70 audit is used when companies want to assure that they have implemented the appropriate internal controls.
The SAS 94 audit is the most widely used audit and can involve one or all of the six steps involved when conducting this type of report. “The six steps include physical an environmental review, systems administration review, application software review, network security review, business continuity review, and data integrity review” (Hunton, Bryant,...

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