The use of information technology is essential to stay ahead in business and most organizations invest much in it to gain the benefits it gives to their operations. Nevertheless, its profound use in operations has made it a requirement for businesses to ensure that the information system is secure and reliable through IS audit.
Information security is crucial as it confirms data availability, integrity and confidentiality. Protecting information to not disclose it to unauthorized people ensures confidentiality of data like card transactions, bank transaction statements, personal information, etc. Data integrity saves customer information from being tampered or modified by unauthorized people. With the availability of data, you confirm the accessibility of data by authorized people whenever required.
With an IS audit and risk assessment, you can guarantee the confidential storing and integrity of the company’s data from unauthorized people, as well as its availability to the authorized users anytime. In a way, the IS audit lets you add value to your business’ reputation by showing your commitment to safeguarding your customers’ card payment data.
What is Information System Audit and What Are its Benefits?
The process of gathering and evaluating the management of controls of a company’s information systems, controls, operations and practices is an information system audit. Using the information system audit process, you acquire the analysis of evidence, which ensures the efficient operation of the information system’s various elements, which help secure the assets and maintain data integrity. The audit reviews conducted is linked with any other audits like a financial statement audit.
Main Benefits of IS audit and risk assessment
Minimizes the information system risk for the assessment is conducted through complete circle and best practices suggested in accordance with Risk IT and ISO/IEC 27002 frameworks.
• Ensures better IT governance through conforming to regulations, improving security and reducing risks, as well as easy communication between business management and technology.
• Standardization of business’ information systems.
• Building business systems, efficiency and process controls
• Contingency and disaster recovery planning
• Better management of the information systems
What Does an IS Audit Cover?
The principal categories covered by IS Audit are:
• Systems and Applications: The information system audit concentrates on business’ systems and applications.
• System Development: The systems under development are assessed for compliance with the PCI standards.
• Information Processing Facilities: Ensures that the business’ IT processes are functioning accurately, timely and correctly under disruptive or normal conditions.
• Management of IT, as well as Enterprise Architecture: Confirms whether the IT management and processes are structured and controlled in an effective manner.
With effective IS audit and risk assessment, you can ensure that the IT systems are well-protected.
