Impact Of Applying Information Governance On Audit Procedures’ Design / Study In A Private Iraqi Bank

Abstract

The research aims to identify the concept of information governance and its requirements, in order to enhance the adoption of appropriate examination procedures and provide a methodology that directs the auditor towards a basis for action when implementing audit programs. The problem of the research is the lack of a methodology that evaluates the application of information governance in a way that helps in designing procedures for auditing financial reports for economic entities, and obtaining evidence that supports the auditor’s opinion. The research reached a set of conclusions, the most important of which are: (1) There is weak attention towards separating the operations, tasks and responsibilities of the Board of Directors in the field of information governance from those within the scope and responsibility of executive management regarding information and related technology. This reflects a weakness in control policies and procedures that affects planning the audit mission and determining nature, time, and extent of procedures' implementation.