Many organizations are spending large amounts of money on IT because they recognize the tremendous benefits that IT can bring to their operations and services. However, they need to ensure that their IT systems are reliable, secure and not vulnerable to system attacks.
As the records, services and operations of many organizations are often highly computerized, there is a need to evaluate the IT controls in the course of an audit of these organizations.
Evaluating the reliability of data from IT systems which have an impact on the financial statements of the organization.
Ascertaining the level of compliance with the applicable laws, policies and standards in relation to IT.
Checking if there are instances of excess, extravagance, gross inefficiency tantamount to waste in the use and management of IT systems.
It helps to reduce risks of data tampering, data loss or leakage, service disruption, and poor management of IT systems