First of all, what is system auditing is to be made clear, before describing the requirements and great utility of the system audits. The System Audit or Systems Audit is censorious examination and scrupulous evaluation of the effectiveness, efficiency, economy, and complete safety & security of all processes, operations, and activities of a company through which the management of the company tries to achieve its objectives. Thus, the system audit, is the overhauling and mending of all processes, activities, and operations of the entire management system of a company, institution, or organization, in order to facilitate the desired productivity, efficiency, and the best possible profitability. The systems audit or system audit encompasses the external activities and systems also, besides the internal ones, to pave the way for better marketing and profitability. Hence, the system audit, is certainly a great and elegant means of making the entire system of a company perfect, for achieving the cherished and high business goals. The laws and policies associated with system audits, and the system audit checklist, are described in the sections below.
The system audit must be performed in light of the accepted standards, and in close conformity with diverse governmental laws and regulations. The main laws and regulations concerned with the system audits are - business law, commercial law, labor and employment law, taxation law and regulations, intellectual property law, company law, export-import law, foreign exchange management laws and regulations, maritime and admiralty law, pollution and environmental law, and so on. Our globally prominent and popular organization provides exquisite and visionary system auditing services to companies and organizations of all sectors of economy, essentially including the commerce and profession sectors. In order to safeguard the core competencies and expertise, trade secrets, and highly sensitive business data and information, we advise our clients to adopt the file system auditing.
Managers are concerned mainly with the most effective and efficient ways, for maximizing the returns on the investments of the shareholders of a company. These ways, means, processes, and activities are ought to be as per the recommendations of all regulating laws, policies, and authorities. They are also responsible for confirming the suitability, validity, quality, reliability, and optimal profitability of the whole system. Thus, these form the basic criteria for any system auditing. Effectiveness refers to doing the right things with the least possible wastage, while the efficiency is concerned with maximal output with least time and other resources. And, the economy analyses achievable profits with respect to the costs invested to run the business. The elements of system audit checklist vary in number and importance, from small companies to large multi-national conglomerates. The following are the common constituents of any general system audit checklist: