Question

When discussing integration of IT into audit engagements, which of the following is the most desirable integration of IT into specific engagements?

1) Using IT to automate manual audit procedures
2) Using IT to enhance the efficiency and effectiveness of audit procedures
3) Using IT to replace the need for audit procedures
4) Using IT to create additional audit procedures

Answer 1

The most desirable integration of IT into specific audit engagements is using IT to enhance the efficiency and effectiveness of audit procedures.

The most desirable integration of IT into specific audit engagements is option 2) Using IT to enhance the efficiency and effectiveness of audit procedures.

By using IT tools and technologies, auditors can streamline their processes and perform tasks more efficiently. For example, they can use data analytics software to analyze large volumes of financial data quickly, identify patterns, and detect anomalies.

This integration of IT into audit engagements can help auditors improve the quality of their work, make more informed decisions, and identify risks and control weaknesses.