As with any technology that is used to support business processes, transactional and support applications may present risks to the organization that can have a negative impact on the integrity, completeness, timeliness, and availability of financial or operational data if they are not controlled appropriately. Effective application control will help your organization ensure the integrity, accuracy, confidentiality, and completeness of your data and systems. Examples of application controls include data input validation, agreement of batch totals, and encryption of transmitted data.
Our experienced and credentialed IT auditors can provide value by independently testing the application controls to determine whether they are designed adequately and operating effectively to help ensure the accuracy and completeness of data input, processing, and output.
Our IT professionals can also assist your organization with using computer-assisted auditing techniques (CAAT) in testing application controls. We will provide you with data analytics on large volumes of data or transactions rather than a random sampling methodology, which may miss anomalies such as duplicate transactions as well as other risks to the organization.