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- Create Date December 11, 2019
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Education for all
Today, chartered accountants work in an exciting and complex environment that is constantly changing. Progress in information technology is occurring at an ever-increasing rate. Business organisations are changing their methods of operation and their management structures to meet the demands of an increasingly competitive environment. The economic and legal environment that accountants work in is also changing in unpredictable ways. All of these changes require that today’s accounting students be better prepared than ever before to enter the challenging world of the accounting and audit profession.
In today’s business world accounting professionals have to interact with computer-based information systems on regular basis. As primary users of information systems in organizations, accountants must participate in their design and understand their operation.
Accounting managers must measure and evaluate the performance of information systems. Internal and external auditors must assess the quality of information systems and evaluate the accuracy of information input and output. The major share of the work of accounting consultants is in the design, implementation, evaluation and control of information systems.
The new system of chartered accountancy course recognising the importance of Information Technology has included it as part of the course curriculum both at PCC and Final levels. A paper on Information Systems Control and Audit forming a part of the final syllabus will help the students to understand how to evaluate controls and standards for information systems in an organisational environment. The basic knowledge about Information Technology gained at PCC level is sought to be built up further through this paper.