Assessment 2 Report on IT Governance Audit

Assessment 2 report

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
1. Identify the audit focus and scope...........................................................................................1
2. Describe high risk IT issues in NSW City Council.................................................................2
3. Audit findings related to IT governance.................................................................................3
4. Analysis of audit findings related to IT general control in the NSW city councils. ..............3
5. Analysis of audit findings related to cyber security management in the NSW city councils.
.....................................................................................................................................................5
6. Highlight the professional, legal and ethical responsibilities of an IT auditors. ....................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
The term auditing can be defined as a process of evaluating financial records of a
company in an effective manner so that investors can make trust. Each company is bounded to
conduct auditing process in their operations (Zhaokai and Moffitt, 2019). The report is based on
making proper assessment of audit report of IT governance including different kinds of aspects
like issues, findings etc. In detailed sense, this can be stated that under report information about
objective and scope of audit, higher risk IT issues and cyber security management is explained.
Apart from this, under the report legal, ethical liabilities of an auditor are mentioned in detailed
manner at the end of project report.
MAIN BODY
1. Identify the audit focus and scope
Audit is inspection or examination of several books of accounts through an auditor which
followed by physical checking of inventory for ensuring that each and every division are
following documented system related to transactions (Saha and Goswami, 2019). In addition to
this, audit is done for ascertaining the accuracy of financial statements which provided by a
business firm. Along with this, audit can be done through employees internally or by head of
particular department. On the other hand, external audit done outside the business firm or
through independent auditors. Furthermore, the idea of checking as well as verifying the
accounts by independent authority for ensuring that all the accounts books are done within fair
manner as well as there should not an misrepresentation or fraud conducted by organisation. If
there any misrepresentation or fraud conducted in company's books of accounts then legal action
will be take in against of business firm or accountant division employees.
Audit focus – Auditors need to settle on the focus relevant to the audit in order to prepare
a value proposition that incorporates quality factors. In contrast to this the audit emphasis refers
to the degree or amount of consideration paid to reliability audit effectiveness. In this audit
reports, there are so many ways to implement quality requirements. In addition, some audits
concentrate on performance, while others discuss productivity as a significant problem. From
minimal or no emphasis with exclusive emphasis, the range review focus has specific kinds.
Explanation of these is as follows:-
1