Question 1 (20 marks)

The Information Systems Auditing Association (ISACA) provides the auditing community with guidance in the form of auditing guidelines, standards, and polices specific to information systems (IS) auditing. Computer-assisted Audit Techniques (CAATs) are imperative tools for auditors to conduct an audit in accordance with heightened auditing standards.

Discuss the above statement explaining:

• The role of internal auditors according to auditing standards.
• Different approaches to apply CAATs.

• Question 3 : (20 marks)

  The Balanced Scorecard is a strategic planning and management system that is used extensively in business and industry. It aligns business activities to the vision and strategy of the organization, improves internal and external communications, and monitors organization performance against strategic goals.

  1- Explain the above statement showing the steps necessary to plan, implement, and monitor performance (10 marks)

  2- Describe how an AIS system/ IT contributes to a Balanced Scorecard management process (10 marks).