Article Abstract:
Information technology is an integral part of the improvement of auditing services in the public sector, as proven by a study on 122 auditing professionals. The analysis revealed that the use of various applications, including electronic spreadsheets, word-processing software and data-analysis packages, helped employees perform auditing processes. It also showed that majority of auditing professionals have been exposed to IT and applications training. The results further revealed that IT does not contribute to the improvement of some services, including document inspection, audit file reviews and inquiry procedures.
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Article Abstract:
The Canadian Comprehensive Auditing Foundation has launched a comprehensive auditing program called 'value-for-money auditing' that will assess the accountability of government initiatives. The program was designed to create an effective accountability framework and not to evaluate the effectiveness of the initiatives' outcomes. It aims to strengthen the commitment of government officials and assist them in making more accessible, understandable and cost-effective programs. It will focus on three aspects: the budgeting process, reporting process and auditing.
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Article Abstract:
The entire audit process will have to be changed through the use of the computer so that auditing may become a relevant and useful procedure. The purpose of auditing must be to identify exceptions and anomalies with the management letter as the main product rather than the auditor's standard report. The computer can perform many audit tasks and achieve quality enhancement at the same time. Moreover, independence must be maintained at all times to enable auditors to focus on the changes needed.
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