IT audit definition

IT audit means an information technology audit conducted under section 46;
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IT audit means analysing and assessing the processes, procedures and use of electronic information systems relating to security, confidentiality, integrity and availability of information and information systems as a means for achieving the goals of public fund beneficiaries;
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IT audit means Audit activities performed in the areas of IT/IS Infrastructure/IT Systems/IT Operations /Processes & Policies /Standards, Security /SLA
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Examples of IT audit in a sentence

  • At a minimum, the IT audit program shall be performed by an independent and qualified party, and shall include fundamental elements of a sound audit program as described in the “Audit” booklet of the FFIEC Information Technology Examination Handbook.

  • In order that a complaint would be upheld, the IT audit trail (application log files and access log files of the EC IT-systems involved) must show that there was indeed a technical problem at the IMI2 JU/EC side which prevented you from submitting (or resubmitting) the proposal using the electronic submission system.

  • Nagpur Orange: The fruit has a pockmarked exterior and sweet and juicy pulp.

  • An annual IT audit plan must be developed and approved by the audit committee of the board or its equivalent.

  • Evaluation of the service provider needs to be customized according to the type of outsourcing arrangement, but normally includes evaluation of:• Software development and acquisition; • System and software change management; • Logical access; • Data management; • Personnel Security; • Physical and environmental protection and • Business continuity.This paper will focus on providing information and direction for the practice of IT audit to ensure that the key areas of risk ar9e9i8dDentified and evaluated.

  • All the findings and recommendations that resulted from the risk based IT audit, are included in this report.

  • IT audit logs include username, hostname, logon dates, times of failed logon attempts, IP addresses, webpages accessed, processes accessed and other system failures.

  • Total administrative costs, including costs relating to the Board of Directors, administration, IT, audit, supervision, marketing, distribution and the custodian, in respect of each fund or unit class may not exceed 2% of the average assets of the fund or unit class within any financial year.

  • The IT audit on computerisation of Commercial Taxes Department was conducted between February and June 2015 with the help of Computer Assisted Audit Techniques (CAATs) and data was collected from the BRAIN DC at Technology Bhawan, Patna.

  • An information technology (IT) audit involves the analysis of an organisation’s information technology structure, operations and software programs.


More Definitions of IT audit

IT audit means an examination of the sufficiency and adequacy of controls which protect the systems of IT application to ensure the reliability, integrity and availability of IT systems and the maintenance of information in these systems.
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IT audit means a process of collecting and evaluating evidence to determine whether a computer system has been designed to maintain data integrity, safeguard assets, allows organizational goals to be achieved effectively, and uses resources efficiently.
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IT audit means detailed assessment of the performance of the informational and technical systems.
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Related to IT audit

  • Audit means the examination of a person or the inspection of the books, records, memoranda, or accounts of a person, ordered to appear before the Tax Administrator, for the purpose of determining liability for a municipal income tax.

  • Independent Auditor has the meaning specified in Section 6.01(a).

  • Independent Auditors has the meaning set forth in Section 3.2.

  • Neutral Auditor means Ernst & Young or, if Ernst & Young is unable to serve, an impartial nationally recognized firm of independent certified public accountants other than Seller’s accountants or Purchaser’s accountants, mutually agreed to by Purchaser and Seller.

  • non-audit services means services other than audit services.

  • Energy audit means a systematic procedure with the purpose of obtaining adequate knowledge of the existing energy consumption profile of a building or group of buildings, an industrial or commercial operation or installation or a private or public service, identifying and quantifying cost-effective energy savings opportunities, and reporting the findings;

  • Approved Auditor means a person who is:

  • Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.

  • Environmental Audit means, with respect to each Property, a Phase One environmental site assessment (the scope and performance of which meets or exceeds the then most current ASTM Standard Practice E1527 for Environmental Site Assessments: Phase One Environmental Site Assessment Process) of such Property.

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • conformity assessment body means a body that performs conformity assessment activities including calibration, testing, certification and inspection;

  • Independent Expert means a Person or entity with no material current or prior business or personal relationship with the Advisor or the Directors and who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company.

  • Inspection Report means the report delivered by the Master Servicer or the Special Servicer, as the case may be, substantially in the form of Exhibit L hereto.

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.

  • Physical Conditions Report means, with respect to the Property, a report prepared by a company satisfactory to Lender regarding the physical condition of the Property, satisfactory in form and substance to Lender in its sole discretion, which report shall, among other things, (a) confirm that the Property and its use complies, in all material respects, with all applicable Legal Requirements (including, without limitation, zoning, subdivision and building laws) and (b) include a copy of a final certificate of occupancy with respect to all Improvements on the Property.

  • Annual Statement of Compliance As defined in Section 3.13.

  • the Auditors means the auditors from time to time of the company or, in the case of joint auditors, any one of them;

  • Annual Accountant’s Report is defined in Section 3.04(a) of the Servicing Agreement.

  • Company Auditor means Xxxxx Xxxxx US, LLP (FKA: Xxxxx Xxxxx Xxxxxxx Xxxxxx, LLP), with offices located at 000 Xxxxx Xxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxxxxx, XX 00000-0000.

  • Independent Engineer means XxXxxxxx and XxxXxxxxxxx or any other third party engineering firm acceptable to the Administrative Agent in its sole discretion.

  • County Auditor means the Greenville County Auditor, or the person holding any successor office of the County.

  • Company’s Auditors means an independent firm of accountants duly appointed as auditors of the Company;

  • cost accountant means a cost accountant as defined in clause (b) of sub-section (1) of section 2 of the Cost and Works Accountants Act, 1959 (23 of 1959) and who has obtained a certificate of practice under sub-section (1) of section 6 of that Act;

  • Periodic Review means a review conducted by Ofwat for the purpose of determining one or more Price Controls in accordance with Part III of Condition B, but so that references in Part IV of Condition B to a Periodic Review shall exclude any review carried out under paragraph 11 of that Condition and shall include the determination by the Competition and Markets Authority of the relevant questions or, as the case may be, the disputed determination referred to it under paragraph 16 of Condition B;

  • Last Audited Date means December 31, 2004.

  • Independent Financial Expert means a U.S. investment banking firm of national standing in the United States, (i) which does not, and whose directors, officers and employees or affiliates do not have a direct or indirect material financial interest for its proprietary account in the Company or any of its affiliates and (ii) which, in the judgment of the board of directors of the Company, is otherwise independent with respect to the Company and its affiliates and qualified to perform the task for which it is to be engaged.