Using IT and audit software does allow the auditor to do more in less time. I would use these tools to help eliminate transactions I did not want to look at due to materiality thresholds and to point out transactions that tend to standout or fall outside designed parameters. This is a very effective techniques and allowed me to spend more time on the more riskier transaction within a given set of data.

Using IT and audit software does allow the auditor to do more in less time. I would use these tools to help eliminate transactions I did not want to look at due to materiality thresholds and to point out transactions that tend to standout or fall outside designed parameters. This is a very effective techniques and allowed me to spend more time on the more riskier transaction within a given set of data.

Consider the control environment. Asses why it is important for auditors to understand a clients control environment. What are some limitations of internal controls?

Now consider segregation of duties. Determine why it is important in an IT environment. What are some advantages of using IT and audit software when conducting an audit?