Question

Consider this scenario: a company that buys a sizeable amount of equipment for its manufacturing process needs to accurately report such expenditures, so it calls upon the services of financial auditors. while financial auditors might consider how robust the data might be, the company might also involve it auditors to examine the technology in place to gather the data itself. what process is this company using to address its concerns

Answer 1

This company which is considering how robust the data might be, but might also involve it auditors to examine the technology in place to gather the data itself is using an integrated audit to address its concerns. An integrated audit considers information technology, financial and operational controls as mutually dependent for establishing an effective and efficient internal control environment.