What is an EDP in auditing?
What is an EDP in auditing?
Electronic Data Processing (EDP) refers to the input, processing and output of information. EDP is often called Information Services or Systems (IS) or Management Information Services (MIS), according to Tech Target. The information processed is used and evaluated during an audit.
What are the objectives of EDP Audit?
EDP auditors basically assure that management effectively controls the way in which computing is done and that records related to that data processing are current and accurate. However, they do not seek, primarily, to find fraud.
What are the features of EDP Audit?
Answer: Characteristics of an EDP organisational structure include: Concentration of functions and knowledge—although most systems employing EDP methods will include certain manual , operations, generally the number of persons involved in the processing of financial information is significantly reduced.
What are the benefits of auditing in EDP environment?
Auditing through the computer means making use of computer in auditing….General EDP Controls.
- Division of responsibility or duties.
- Control over development and maintenance of software.
- Control over operators.
- Control over data access and program access.
- Control over editing of data.
- Storage control.
- Hardware control.
What are the types of EDP?
Types of EDP & Entrepreneurial Development Cycle
- I. Entrepreneurship Awareness Training Programme.
- II. Product Oriented EDP.
- III. Target Oriented EDP.
- IV. EDP’s For Existing entrepreneurs.
What is EDP and its objectives?
As the term itself denotes, EDP is a programme meant to develop entrepreneurial abilities among the people. In other words, it refers to inculcation, development, and polishing of entrepreneurial skills into a person needed to establish and successfully run his / her enterprise.
What are the examples of Electronic Data Processing?
Electronic data processing equipment is tangible hardware that accumulates, processes and stores data. Computers, laptops, tablets, phones, servers, mainframes and networks are all examples of EDP equipment.
What are the problems of auditing in EDP environment?
1) It is not suitable for small business forms. 2) Difficulties to detect the errors and frauds. 3) Absence of supporting vouchers. 5) Computer frauds and computer virus.
What is General EDP control?
General controls relate to all EDP activities; they span all jobs processed on the comp;lter system. When they are weak or non-existing, the auditor must expand his testing of the entire computer system, often at considerable additional cost to the client. Keywords: Internal control, plan of organization, operations.
