E-Auditing
Financial Control
Auditing in an Electronic Environment (e-Auditing)
Presented to Dr. Marwa Tarek
Presented By:
Pierre Guirguis 9104428
Rimon Abd El-Meseih 9104386
Mahmoud Mohamed Refaat
Auditing in an Electronic Environment (e-Auditing)
* What is e-Auditing?
Electronic auditing, or e-Auditing, is computer-assisted auditing that uses electronic records to complete all or part of the audit. If you use a computer to record your business activity and maintain this data electronically, you are a candidate for an electronic audit.
* When are you a candidate for e-Auditing?
If you use a computer to record your business activity and maintain this data electronically, you are a candidate for an electronic audit.
* What are the Benefits of e-Auditing?
•It saves time – Electronic audits are completed much faster than traditional, manual audits. Company personnel and tax auditors spend less time working on the audit.
•It saves paper – Electronic tax auditing reduces the amount of paper normally needed during the audit.
•It is less disruptive to business – Electronic audits permit tax auditors to work at the tax office most of the time. Computer-assisted tax audit techniques reduce on-site audit time. In this way, there is minimal interference with the normal business of your company.
•It is more efficient – More efficient techniques for reviewing taxpayer information are used in electronic audits. * The process of e-Auditing?
To corporate taxpayers: 1- The preparatory stage begins when a tax auditor contacts the company. 2- He then familiarizes himself with the accounting system of the company, and negotiates with company managers responsible for accounting and finance. 3- They make agreements on when and how the electronic material should be delivered to the tax authority, and what copies of files should be created for the purpose. 4- The tax auditor receives the files and converts them into a
Auditing in an Electronic Environment (e-Auditing)
Presented to Dr. Marwa Tarek
Presented By:
Pierre Guirguis 9104428
Rimon Abd El-Meseih 9104386
Mahmoud Mohamed Refaat
Auditing in an Electronic Environment (e-Auditing)
* What is e-Auditing?
Electronic auditing, or e-Auditing, is computer-assisted auditing that uses electronic records to complete all or part of the audit. If you use a computer to record your business activity and maintain this data electronically, you are a candidate for an electronic audit.
* When are you a candidate for e-Auditing?
If you use a computer to record your business activity and maintain this data electronically, you are a candidate for an electronic audit.
* What are the Benefits of e-Auditing?
•It saves time – Electronic audits are completed much faster than traditional, manual audits. Company personnel and tax auditors spend less time working on the audit.
•It saves paper – Electronic tax auditing reduces the amount of paper normally needed during the audit.
•It is less disruptive to business – Electronic audits permit tax auditors to work at the tax office most of the time. Computer-assisted tax audit techniques reduce on-site audit time. In this way, there is minimal interference with the normal business of your company.
•It is more efficient – More efficient techniques for reviewing taxpayer information are used in electronic audits. * The process of e-Auditing?
To corporate taxpayers: 1- The preparatory stage begins when a tax auditor contacts the company. 2- He then familiarizes himself with the accounting system of the company, and negotiates with company managers responsible for accounting and finance. 3- They make agreements on when and how the electronic material should be delivered to the tax authority, and what copies of files should be created for the purpose. 4- The tax auditor receives the files and converts them into a
References: : 1. http://dor.myflorida.com/dor/forms/2012/gt800050.pdf 2. http://www.vero.fi/en-US/Precise_information/Taxpayer_rights_and_obligations/Auditing_in_an_Electronic_Environment_eA(14895) 3. Auditing: An Assertions Approach by Donald H. Taylor (Seventh Edition) P.370 4. http://www.dmaudit.com/Aud09Instr/aud09instructions04.htm 5. http://www.aicpa.org/