Month: January 2022

• Corporate strategy 1.Overall purpose and scope of the organization 2.Overall business domain 3.Corporate resource allocation 4.Value addition to the different parts of the organization ( ―2+2=5‖, outsourcing vs core business) 5.Principal focus – effectiveness. • Business Strategy 1.Competition with Read More …

The concept of strategy has been much used and often abused. It is a multi-dimensional concept and has found application in all fields of study and life. Has been defined variously as follows:- According to Thompson and Strickland, it is Read More …

In test data the auditor prepares the test data and the data is processed on the current production version of the client’s software. The test data is processed separately from client’s normal input data. The test data that is processed Read More …

By use audit software, the auditor is able to test huge volumes of data within a very short time. Besides these functions can be performed using audit software: File re – organization such as indexing, sorting, merging and linking with Read More …

Any software with that capability of directly reading and accessing data from databases is called audit software. The software has the ability to carry out mathematical computation and operations, statistical analysis, sequence checks etc. the software assists the auditor in Read More …

Due to the special features in computerized systems, it is necessary to devise appropriate audit approach. There are usually two main approaches that can be adopted. These approaches are: Auditing around the computer Auditing through the computer 1.Auditing Around the Read More …