An intrinsic part of the IT Advisory profession involves looking for opportunities for improvement and greater efficiency. Your organisation’s IT systems offer more options for this than you might think. These systems, such as cloud solutions, APIs, and so on, are full of primary data, electronic evidence of transactions and partially or fully automated control measures. We can use this data to take advantage of the many opportunities it offers to improve the efficiency of annual audits. Based on a thorough investigation, we can explore the options for you. We will also draft a management letter for you, in which we explain where we failed to find opportunities, the reason for this and recommendations for improvement.
The importance of IT audits
Using their knowledge of IT systems, our IT auditors give essential support to auditors in Baker Tilly’s audit practice. Our clients from the audit practice are increasingly having to process their financial and other data in complex, integrated ERP systems, with all kinds of API links, including web services. In the process, these environments are migrating, entirely or in part, to cloud service providers, like Azure, Google and Amazon.
Based on this investigation question, our IT auditors identify which internal control measures are either partially or completely automated. For this we combine our expertise in process configuration and management using our specialist knowledge of IT environments. This combination of expertise and knowledge means that we are able to assess the quality of the digital information on behalf of the accountant. Where the quality is not adequate for application in the audit approach, we will also draft a management letter for you, in which we explain the reason for this and give recommendations for improvement.