What is the Role of an IT Auditor?

The audit is a detailed examination of Financial Statements with the eventual objective to provide an opinion, on whether it represents a true and fair picture of the company/entity. We maintain the records of the specific company and act as a safeguard for them, building the trust of all the stakeholders in the management. These days, many companies are adopting auditing services and due diligence services as annual activities without any legal compliance. The aim is to reveal a clear picture of the company’s finances and help the management take important steps to improve the growth potential.

1. Assurance:- Assurance services are an independent review of certain deals, documents, or transactions that can prove their reliability, correctness, and validity. The process involves an independent examination to help the client make an informed decision. The focus of our assurance services is to help our clients achieve their desired business goals with transactions that support and boost their business.

2. Forensic Audit Services:- An Investigation into the accounts of the entity which involves thorough study and interpretation of audit evidence in cases that involve fraud, embezzlement of funds, and other financial claims. The purpose of a forensic audit is generally to extract shreds of evidence to support the prosecution of a party of a criminal offense such as fraud, embezzlement of funds, or negligence in litigation procedures. 

3. Tax Audit Services:- Tax Audit is an examination of a business or individual tax affairs to check whether the transactions undertaken by them are as per the Income Tax Act like a declaration of all the computable income or are they entitled to certain tax deductions or any tax offsets which they had claimed in their tax return.

4. Risk Advisory Services:- Risk Advisory is a mechanism to help a business identify the potential risk along with a plan to minimize or mitigate that risk. It consists of services designed in a manner to assist an organization in fulfilling strategic goals by providing ready help to anticipate the risk and meet regulatory compliances requirement.

5. Compliance Management Services:- Every organization today faces a very complex compliance environment irrespective of its size, where any non-compliance will lead to penalties, fines, and more importantly risk of harm to its reputation, in this scenario a well-experienced and competent compliance management team comes into play.

Get the IT solutions that suit your business! Dorks Delivered, a managed IT services provider in Brisbane and South East Queensland, ensures the delivery of high-quality services and solutions to help our clients develop their approach to internal control systems and auditing. We work in partnership with our clients through our well-experienced and certified team, which is capable of covering all aspects of an internal audit.

• Quality Assurance.
• Providing a comprehensive internal audit service.
• Internal audit strategy development and planning for the duration of the audit engagement.