Nowadays, information system auditing is getting more important particularly with the use of variety technologies. Fulfilling expectation and enriching customer experience are crucial to protect and sustain business operation in this competitive era. Quality auditing process is critical in providing assurance for smooth business operation. This can be achieved by adequate and appropriate internal controls to manage the risk for effective usage of information systems. Thus, within this context you are required to prepare a report which contains the following items: . Discussion on stages or phases when performing an audit and discussion on the risk and challenges that should be considered when performing an audit