Discussion 1

"Technology and Audit" Please respond to the following:

• How important is the documentation of the database environment? Moreover, how do you think the advent of cloud computing has affected electronic data interchange (EDI)? Are you in favor of outsourcing the auditing activity, and why or why not?
• How do computer-assisted audit solutions help the auditing process? How do different standards for professional performance of internal auditing help in maintaining the integrity of the process?