Many organizations often view IT controls and processes independently from other departments or functions. But IT now touches every aspect of your operations. And with IT heavily impacting today’s accounting operations, organizations can no longer view the accounting and tech functions separately.
That’s why it’s imperative for your organization to understand the implications your IT environment can have on your financial statement audit. Financial auditors will continue to consider IT controls and processes and how these could affect the audit, and the questions they ask will evolve as the technology supporting an organization’s financial operations becomes more complex.
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