1.

Planning Phase

- Define the scope and objectives of the IT audit.

- Identify the key stakeholders and obtain their input.

- Develop a project plan with timelines and milestones.

- Assign responsibilities and roles to the audit team members.

- Determine the resources needed for the audit.

2. Preliminary Assessment Phase

- Obtain an understanding of the organization's IT infrastructure, policies, and procedures.

- Identify the key IT risks and control objectives.

- Conduct interviews with key personnel to gather information about IT operations.

- Review documentation related to IT operations, including policies, procedures, and system

documentation.

3. Risk Assessment Phase

- Identify and assess the risks associated with the IT environment.

- Determine the significance of the risks and their potential impact on the organization.

- Identify the existing IT controls and assess their effectiveness in mitigating the identified risks.

- Develop a risk assessment report with recommendations for improving the IT controls.

4. Testing Phase

- Test the effectiveness of the IT controls identified in the risk assessment phase.

- Use various testing techniques, including inquiry, observation, and testing of transactions, to assess the
effectiveness of the IT controls.

- Identify any weaknesses in the IT controls and make recommendations for improvement.

5. Reporting Phase

- Develop a comprehensive report that summarizes the findings of the audit.

- Identify any areas of non-compliance or weaknesses in the IT controls.

- Provide recommendations for improvement and a timeline for implementation.

- Review the report with the key stakeholders and obtain their input.

- Obtain management's response to the report and track the implementation of the recommended
improvements.