Audit Information systems & IT Security
Audit Information systems & IT Security
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Audit Information systems & and IT Security

Information System audit and IT Security

Definitions and Terminology

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Inconsequential



(1) Potential misstatements equal to or greater than 20% of overall annual or interim financial statement materiality are presumed to be more than inconsequential. (2) Potential misstatements less than 20% of overall annual or interim financial statement materiality may be concluded to be more than inconsequential as a result of the consideration of qualitative factors, as required by AS 2.

source: Framework for Evaluating Control Excepti:IIA:2004



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Auditing Security and IT Systems
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