Explore The Practice Of Internal Auditing In It Environment

With the rapid development of information technology, information system is widely used in enterprises, and the information infrastructure is becoming more complex. The traditional internal audit practice is challenged by new circumstance. This article analyzed the traditional internal audit practice's limitation in the IT circumstance based on the following perspectives: the internal audit organization structure, auditor's knowledge, audit tools and methodology, effectiveness of audit results. The article gives the opinion that the traditional internal audit practice do not fits with the new IT circumstance; the traditional internal audit practice needs reform.Currently local companies have developed many applications, but the internal audit theory and practice is behind of the IT progress. This article undertakes the research of the internal audit practice in IT circumstance, analyzes the feasibility and benefit which the transformation will bring out from the traditional internal audit to modern internal audit, presents world leading company's practice, and uses a data analysis technology in internal audit project as case study, to give demonstration for internal audit industry and to improve the internal audit practice.This article studies latest internal audit theory and practice, analyzes traditional internal audit's limitation in IT circumstance, discusses the changes in the following areas: internal audit organization, auditor's knowledge structure, audit objective and audit tools, and the benefit which the new audit approach will bring out such as combined audit, continuous monitoring technology. Finally, this article gives the suggestions developing the internal audit in IT circumstance. The suggestion is to fulfill more combined audit, to widely use CAATs based data analysis technology and to develop continuous monitoring technology.