Supriya Ghosh (Editor)

Technical audit

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Technical Audit (TA) is an audit performed by an auditor, engineer or subject matter expert evaluates deficiencies or areas of improvement in a process, system or proposal. Technical audit covers the technical aspects of the project implemented in the organization

Contents

Objectives of Technical Auditing

  • The technical operations are being performed as per requirement.
  • Sound framework of control is in place to sufficiently mitigate the potential risk.
  • The procured technical equipment is technically suitable for the purpose.
  • Authority and responsibility for operating activities are assigned properly.
  • Information system is adequate to provide assurance of operating activities being performed properly.

    • Concentration of Technical Auditing

    1. Planning & Design
    2. Procurement or Purchase
    3. Implementation
    4. Impact of Project


    Areas to be covered by Technical Audit

    Benefits of Technical Auditing

  • Improvement in Internal Control systems to mitigate the potential risk.
  • Improvement in the quality of service.
  • Assurance of Revenue.
  • Transparent and cost effective procurement of goods and services.
  • Completion of project on time.
  • Reduction of project cost and annual operating cost.
  • Helps re-scheduling of project activities.
  • Performance improvement of a system.

    • References

    Technical audit Wikipedia
    (Text) CC BY-SA