The impact of Information Technology (IT) on several aspects of accounting profession and practice has been pronounced over the last two decades. The revolutionary developments of various IT tools and techniques have a far reaching impact on the organizations.
In today’s business world, accounting professionals have to interact with computer-based Information systems on a regular basis. As primary users of information systems in organizations, accountants need to participate in the design, development and operations of IT systems.
Accountants today need to measure and evaluate the performance of information systems. Internal auditors must assess the quality of information systems for operations, compliance and financial reporting while external auditors must assess for financial reporting and both must also evaluate the accuracy of information input and output.
There are many stakeholders relying on the data provided by ERP systems. While these systems provide a high level of automation, they also have attached risks pertaining to data and processes within the Environment.
So ICAI have Started the Advance ITT Course for CA Final Students.
This course will provide a gateway to the students in their journey to understand auditing in an ERP environment.
The Institute of Chartered Accountants of India has been making earnest efforts to develop a contemporary body of knowledge and skill set for its students by updating its curriculum from time to time.
Auditing in an ERP environment, Advanced features of MS-Access and MS-Excel, MS-Excel as Audit tool, and ERP using Tally are the main components which would be covered during the training programmee.
I have Prepared the Advance ITT Exam 1 Day Revision notes for the following Topics from ICAI Module as follows which may cover around 70-80 Marks in the test.
1. ADVANCED EXCEL
2. MS – EXCEL AS AUDIT TOOL
3. ENTERPRISE RESOURCE PLANNING
4. AUDITING IN AN ERP ENVIRONMENT
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