The Top Ten Reasons for the Start Up of IT Auditing

1. Auditing around the computer was becoming unsatisfactory for the purpose of data reliance

2. Reliance on controls was becoming highly questionable

3. Financial institutions were losing money due to creative programming

4. Payroll databases could not be relied on for accuracy due to sophisticated programmers

5. The security of data could no longer be enforced effectively

6. Advancements occurred in technology

7. Internal networks were being accessed by employees’ desktop computers

8. Personal computers became accessible for of. ce and home use

9. Large amounts of data required advanced software programs to audit them, known as CAATs (Computer Assisted Audit Technique)

10. The tremendous growth of corporate hackers, either internal or external, warranted the need for IT auditors