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What is EDP audit? and what are the different types of EDP audit?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Gautham asked almost 3 years ago

What is EDP audit? and what are the different types of EDP audit?

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Bhavani A answered 11 months ago

EDP environment exists when a computer of any type is involved in the processing of accounting data by an entity

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Bhavani A commented 11 months ago

Superbb

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

Electronic data processing. Electronic Data Processing (EDP) can refer to the use of automated methods to process commercial data. It is the audit of all information system assets, to ensure that they are adequately safeguarded against vulnerabilities of natural and man made disasters. The type is identified with reference to the risk exposure. It is performed by qualified information system auditors. The detection of frauds and errors are by ensuring various safeguards prescribed by the systems men, internal and external auditors qualified to perform systems audit.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 2 years ago

Dear Friend, **Meaning** Electronic data processing. Electronic Data Processing (EDP) can refer to the use of automated methods to process commercial data. It is the audit of all information system assets, to ensure that they are adequately safeguarded against vulnerabilities of natural and man made disasters. The type is identified with reference to the risk exposure. It is performed by qualified information system auditors. The detection of frauds and errors are by ensuring various safeguards prescribed by the systems men, internal and external auditors qualified to perform systems audit. An information technology audit, or information systems audit, is an examination of the management controls within an Information technology (IT) infrastructure. The evaluation of obtained evidence determines if the information systems are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organization's goals or objectives. These reviews may be performed in conjunction with a financial statement audit, internal audit, or other form of attestation engagement.

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