Information Technology Audit

IT AUDIT SERVICES

The Chudovo team has been working with businesses for years to provide knowledge and guidance on adjusting to the ever-evolving technology landscape. Drawing on this spirit of collaboration and partnership, our IT audit services are designed to help clients improve their processes, ensuring maximum efficiency and effectiveness. Our professional approach is committed to providing the best possible outcomes for our business customers.

We have extensive experience working with numerous businesses and industries, from start-ups to well-established entities. Our hands-on expertise has given us a firsthand understanding of the challenges and issues that your organization may encounter. This expertise allows us to provide reliable and creative recommendations and cost-effective solutions that minimize disruption to your operations. Our professional approach ensures that you get the best possible results.
Our innovative approach automates and enhances internal controls, helping businesses optimize performance.
With our experienced professionals, you can trust Chudovo to provide reliable and trusted solutions.
Chudovo's management team brings over a decade of knowledge in Information Technology, Audit, and Risk Management Services to evaluate and integrate IT into the audit process.
We are dedicated to delivering exemplary customer service and responding promptly to your business's requirements.

OVERVIEW OF INFORMATION TECHNOLOGY AUDIT SERVICES

The IT internal audit aims to evaluate the organization and provide our business clients with a professional understanding of how they are conforming to best practices in the following key areas.

Assess the effectiveness of processes and controls that address specific business systems development risks, information management, data security and identity and access management, privileged access allocation, and monitoring of account activity. Additionally, assess IT governance, such as business reliance on IT, performance, accountability, return on investment, and effectiveness in servicing the business requirements.
Furthermore, review IT project governance, and ensure compliance with methodology. Carry out pre- and post-implementation reviews, benefit realization reviews and assessment of return on investment, maturity assessments and modeling, investigations, evidence gathering, audits, and other inspections requiring high volume, objective data analysis.
Additionally, evaluate business impact assessments and recovery strategy selection, and assist with developing and implementing disaster recovery plans and business continuity plans, as well as IT general control. This assessment is for business professionals and should be conducted professionally.

Our IT audit control domains

Management & Oversight

We will assess your business' IT organization, including IT management practices, assigned authority and responsibility among personnel, strategic planning, and audit resolution progress, to evaluate the adequacy of existing controls. We will provide a professional and thorough review to help ensure that your organization's IT systems and processes are secure.

Policies & Procedures

Our team will professionally evaluate the reliability and efficiency of the controls under this domain to assess the policies and procedures regarding using and managing your IT infrastructure, including your disaster recovery/business continuity plan, incident response, and information security program. This assessment will provide valuable insight to help your business improve the security and stability of its IT systems.

Application Controls

CHUDOVO will assess the suitability of the controls within your business's mission-critical applications and service delivery channels. We understand the importance of ensuring efficient and secure operations, and we are here to help you confirm that you have the necessary safeguards in place. We take a professional and thorough approach to our assessments, providing you with peace of mind that your business is secure.

Third-Party Technology Service Providers

Our team is here to professionally review your vendor relationship management practices for third-party technology service providers and assess current controls to manage risks associated with these partnerships. We understand the importance of secure and responsible business operations and are committed to helping you ensure that your vendor relationships are safe and effective.

Network Security & General Systems Controls

We will review access controls and security configurations on both your local and wide area networks and evaluate rules relevant to IT governance and the physical security of IT equipment to provide a comprehensive domain analysis for your business.

Cybersecurity

Auditing and assessing the security of your business against frameworks, conducting security risk assessments, testing programs to verify security controls, preparing for ransomware, responding to incidents, and performing technical checks such as penetration testing, threat hunting, privileged access reviews, and system and device (e.g., IoT) testing are essential components of any professional security program. Our team of experts can help you ensure your business has the necessary security measures in place.

Cloud

Businesses can benefit from a comprehensive cloud strategy audit and governance, security scans and assessments, cloud migration plan assessments, and information access controls to ensure compliance with legal and regulatory mandates. Effectively implementing the shared responsibility model is essential, as is assessing the environment using the Well-Architected Framework. Professional advice and support can help businesses develop a secure cloud strategy and ensure compliance with the latest regulations.

Technology Resilience

Assess the operational resilience of your business's use of technology and data, including disaster recovery and crisis response plans, business resumption planning, technology infrastructure and architecture evaluations, and Analysis of overall technology strategy, structure, and delivery capabilities. With a professional tone, take steps to ensure the optimal performance of your current technology and data operations.

Project Risk Advisory

We provide an independent risk and control audit service to ensure your enterprise projects meet the standards of management, the audit committee, and any external compliance/regulatory entities. Our experienced team is here to partner with you throughout the project lifecycle, providing high-level oversight and expertise to ensure your business projects are up to the necessary standards.

Enterprise Applications

We professionally assess configuration and application controls, reporting integrity, security models, sensitive access, segregation of duties, and fit-for-purpose to ensure the best protection for your business. We employ leading commercial and proprietary technology solutions to provide tailored solutions that meet your specific needs.

Data Governance & Privacy

Our team of professionals offers comprehensive assessments for business data management, governance, quality, privacy programs, loss prevention, and regulatory compliance. Our estimates deliver actionable insights to ensure your business data is secure, compliant, and optimized for success.

Our Development Process

Discovery Phase

In the Discovery Phase, an in-depth review of an organization's IT operation's physical, administrative, and technical controls are conducted to assess their effectiveness. This review gives businesses a comprehensive understanding of their IT operations, helping them make informed decisions about their security posture.

Analysis Phase

Analyze the data collected to detect potential control weaknesses and risk exposure, providing a professional approach for businesses.

Reporting Phase

Provide a comprehensive report outlining the control gaps found and the risks associated, along with proposed solutions for improvement. This document is intended for business professionals and should be presented professionally.

Security Audit

01

Cyber Security Audit

This review and Analysis provide businesses with a comprehensive IT infrastructure overview. It assesses potential threats, vulnerabilities, and weak points, enabling companies to identify and address any high-risk practices. With such a professional review, businesses can have peace of mind knowing their IT infrastructure is secure and up-to-date.
02

Application Audit

This report provides a professional view of the security of applications and their role in ensuring the smooth operations of businesses. Web, mobile, and desktop applications must adequately function to provide a reliable and secure business environment.
03

Database Audit

As businesses become subject to increasingly complex privacy regulations, periodic database audits have become essential for ensuring compliance. Professional auditing is critical to ensuring that data is accurately and securely managed.
04

Backup Audit

Data protection and IT security breaches can have profound implications for business continuity, making backups essential. In this audit, we review how data is protected and can be restored, providing businesses with the professional assurance and peace of mind needed to ensure ongoing success.
05

Data Migration Audit

This data migration audit helps to ensure business continuity, data integrity, and control framework in the new environment. Our professional assessment of security measures, migration methodology, and processes will help guarantee your data migration's success.
06

Network Audit

Assessing network infrastructure health by gathering data on various network factors and resolving detected problems for optimal performance and security.
07

Operating System and Control Audit

This audit aims to identify potential threats to the operating system, validate access privileges, assess password policies, examine audit trail controls, and detect malicious programs.
08

DLP Audit

As cloud, virtualization, and BYOD have become essential for businesses, conducting a data loss prevention audit is vital to identify, monitor, and control sensitive data.
09

Web Application Firewall Audit

Auditing WAF configurations to safeguard web applications from attacks such as XSS, SQL injection, and cookie poisoning is essential. We review all WAF devices and create checklists that outline the features of each WAF model.

The top benefits of IT auditing are:

Checks susceptibility to threat

Much of the accounting is done through cloud accounts and other online systems. However, this can make all information, from financial transactions to customer and employee data, vulnerable to risks.

With an IT audit, companies can be assured that operations are taking place with the lowest possible risk. Additionally, it can help them plan and execute effective security strategies to address high-risk areas.

Evaluating the System

Auditing IT systems will allow businesses to assess if they are investing in the correct system. It will guarantee that the system operates optimally and accomplishes all the desired outcomes. If there are any issues with the system, the IT auditor will propose alterations that could be made to improve the information system's efficiency.

Data Security

An IT audit can provide insight into an organization's IT system's security, confidentiality, infrastructure, and operation. It can also assess how reliable and effective the IT system is and how efficiently it is being run. It is important to remember that any IT system risk is also an organizational risk.

In today's digital world, IT is essential to the success of any business, and any issue that may interrupt the IT system could significantly impact the entire organization.

Develops IT Governance

By performing an IT audit, organizations can identify and reduce risks while improving internal controls and the overall governance of their IT department. Such audits often result in recommendations or frameworks that make it easier to manage IT administration in line with the organization's business objectives.

No matter the type of organization, an IT audit can be an invaluable tool for protecting and strengthening the effectiveness of the business. It will positively affect the entire enterprise and help ensure IT is well-integrated into the company's operations.

Facilitate communication between business and technology management.

Auditing can foster business and IT management communication by delivering essential data in written and spoken forms. By interviewing, watching, and assessing, IT auditing can guarantee business and its supporting technologies are consistent, permitting senior management to comprehend the objectives and expectations of IT professionals.

Moreover, direct feedback from the audit can provide senior management insight into how their organization is performing. Hence, IT auditing is a critical component in managing technology.

Reduce Risk

Identifying, minimizing, and removing risks should be at the top of everyone's list regarding an IT audit. Risks may vary between businesses, yet the only way to be completely free of them is to disconnect from the internet, which isn't a feasible business option.

Therefore, let's focus on finding and managing these risks. It could include threats to system availability, integrity, and confidentiality of the data you store or share.

Reduce Cost

We have spoken to numerous individuals who have realized that miscellaneous software subscriptions have been draining money from their business accounts. I, too, have experienced this with my gym membership, which I last used a long time ago. To avoid this, it would be beneficial to perform a careful audit.

On a grander scale, companies frequently use antiquated software and hardware, which is expensive compared to more up-to-date, convenient, and user-friendly versions.

Improve governance & ensure compliance.

IT governance can enable businesses to align their objectives with their IT strategy while investing in technology and modern solutions, which can have exponential benefits. Having a well-structured plan can have an adverse effect.

To ensure adherence to data privacy and security regulations, financial accountability, and more, an IT governance framework should be tailored to the business and its stakeholders, staff, and customers, providing more visibility and highlighting any potential gaps.

FAQ

What is an IT Audit? Answer

An IT audit evaluates a variety of IT and communication functions, such as server systems, client networks, operating systems, cybersecurity infrastructure, software, databases, communication networks and hardware, protocols and procedures, and disaster recovery policies and strategies. It begins with assessing the risks that the IT department is subject to and examines the effectiveness of the controls and protocols for dealing with those risks. Finally, the audit tests the efficiency of risk management processes.

Why is IT Auditing Necessary? Answer

An IT audit is essential to stress-testing and evaluating systems, networks, and processes to ensure they are running optimally. It can identify potential issues and discrepancies, improving performance, compliance, and financial management. Furthermore, it can help to safeguard your business by uncovering potential weaknesses and vulnerabilities. In short, IT auditing is essential for companies wishing to protect their IT adequately.

What are the benefits of an IT audit for an organization? Answer

An IT audit can help reduce IT processes, infrastructure, data availability, integrity, and confidentiality risks. It can also help organizations strengthen controls and comply with SOX, HIPPA, and COSO regulations. Moreover, an IT audit helps build a bridge between an organization's business and technology sides, enabling efficient alignment between the two to support business objectives. Ultimately, IT audit can improve and strengthen IT governance, positively impacting the organization's overall business objectives.

What is the scope of the IT audit? Answer

The scope of an IT audit is contingent upon its objective. Generally, it identifies and reports any discrepancies between the risk management, control, and governance processes defined by an organization and its desired functioning.

What are the principles of IT auditing? Answer

Auditing requires a foundation of confidentiality, integrity, objectivity, independence, and competence. To ensure work is executed correctly, documentation, planning, audit evidence, and an understanding of the underlying accounting system and internal control must be considered. Lastly, audit reporting outlines the findings and results of the audit.

What are the impacts of IT on auditing? Answer

Information technology can decrease audit risk through electronic data processing and electronic auditing. It assists auditors in reducing the chances of mistakes in their audit work and increasing the probability of detecting irregularities, thus resulting in a lower audit risk.

Information technology audit