Today is the time of computer. Internet has become so fast and can be used both on mobile and computer. So, auditing procedures has also shifted from its manual steps to computerized steps. Following are the main steps of computerized auditing procedures.
1. To Select the Computer for Auditing
All accounting data will be in computer and managed by different accounting softwares. Auditor just has to select the computer for his examination. Today, all most all the accounting software creates the id and password for auditing. Auditor will use. He can take sample machines or all machines for data auditing.
2. Make the List of Checked Accounts
Computers are very helpful for auditing large data in small time. But there is the chance of loss of time in duplication. For this, auditor will make the list of his checked accounts. This is called check list. Here, he can see, what he has checked and what he has to check.
3. Process the Data
One of important step in computerized auditing is to process the data. Auditor will manage the staff for acquisition of raw data by collecting documents and bills. He will convert all manual records digitized. All the bills which are in PDF, gets and add in proof list for auditing. He also add inquiry letters in computer.
4. Audit Trail
He will also activate the audit trail. It will help to see each transaction record from traced back to its source documents.
1. To Select the Computer for Auditing
All accounting data will be in computer and managed by different accounting softwares. Auditor just has to select the computer for his examination. Today, all most all the accounting software creates the id and password for auditing. Auditor will use. He can take sample machines or all machines for data auditing.
2. Make the List of Checked Accounts
Computers are very helpful for auditing large data in small time. But there is the chance of loss of time in duplication. For this, auditor will make the list of his checked accounts. This is called check list. Here, he can see, what he has checked and what he has to check.
3. Process the Data
One of important step in computerized auditing is to process the data. Auditor will manage the staff for acquisition of raw data by collecting documents and bills. He will convert all manual records digitized. All the bills which are in PDF, gets and add in proof list for auditing. He also add inquiry letters in computer.
4. Audit Trail
He will also activate the audit trail. It will help to see each transaction record from traced back to its source documents.
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