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Definition of

systems audit

General Management

auditing approach an approach to auditing that utilizes a systems approach. By using a systems audit to assess the internal control system of an organization, it is possible to assess the quality of the accounting system and the level of testing required from the financial statements. One shortcoming of systems audit is that it does not consider audit risk.

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Definitions of ’systems audit’ and meaning of ’systems audit’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’systems audit’ and other financial terms with our online QFINANCE Financial Dictionary.

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