Economy Audits

Economy Audits

Testing, Analyzing & Trust

Audit Services

The digitization of finance-related processes has permanently transformed the requirements for audits. IT systems, automated processes, interfaces, and control mechanisms are now essential components of reliable financial reporting and must be appropriately taken into account during audits. We support auditors and companies with in-depth IT-related audit services to comprehensively evaluate complex system landscapes and reliably classify audit-relevant issues.

Our focus is on auditing IT structures, applications, data flows, and control mechanisms in such a way that they provide a reliable foundation for the financial statement audit and other audit-related assessments. In doing so, we combine technical expertise with audit-related methodology and a clear focus on transparency, risk orientation, and feasibility.

We place particular emphasis on a practical and solution-oriented approach. Our aim is not to evaluate technical details in isolation, but to place them within an audit-relevant and economically meaningful context. This results in findings that are technically sound and simultaneously create genuine added value for audit practice.

Our Services

Tests based on recognized standards

  • Support for IT audits in accordance with IDW standards
  • Incorporation of relevant requirements from international auditing standards
  • Structured assessment of IT-supported processes and control environments

Audit of IT systems and accounting-related processes

  • Analysis of IT-based accounting systems
  • Evaluation of audit-relevant applications, systems, and processing logic
  • Classification of IT structures as a basis for reliable audit opinions

Internal Control System, Interfaces & Data Flows

  • Audit of the internal control system (ICS) with an IT focus
  • Analysis of interfaces, data flows, and cross-system dependencies
  • Evaluation of control mechanisms in digital process chains

Project- and migration-related audit support

  • Support with audit-related issues in migration projects
  • Assessment of changes to systems, processes, and data structures
  • Technical guidance in evaluating project-related IT risks

Relevant audit frameworks

We adhere to the standards and audit frameworks mentioned above, in particular:

  • IDW PS 330 – Financial Statement Audits Involving the Use of IT
  • IDW PS 850 – Project-Related Audits
  • IDW PS 860 – IT Audits Outside the Scope of Financial Statement Audits
  • IDW PS 880 – Audits of Software Products
  • IDW PS 951 – Audits of Service Providers in Outsourcing Transactions
  • ISAE 3402
  • ISA [DE] 315 (Revised 2019)

Our Consulting Approach

We do not view IT-related audit services in the context of financial audits as a purely technical discipline in and of itself, but rather as a vital component of a robust and efficient audit. That is why we take a consultative, structured approach guided by sound business judgment. We provide transparent assessments, clear classifications, and technically sound results that can be effectively integrated into audit processes.

Especially at the intersection of IT, accounting, and auditing, it is crucial to present technical matters in a way that is understandable, precise, and tailored to the audience. This is precisely where one of our key focuses lies: structuring complex IT-related issues in such a way that they become reliably usable for those responsible for the audit.

Benefits of Implementation

  • Expert support for IT-related audit issues
  • Reliable classification of IT systems and processes relevant to financial reporting
  • Greater transparency regarding control structures, interfaces, and data flows
  • Standards-based audit support in accordance with recognized frameworks
  • A reliable foundation for efficient and traceable audit processes

IT audits for auditors provide the necessary transparency to conduct a well-founded assessment of IT systems, processes, and control mechanisms relevant to financial reporting. We support you with a practical and solution-oriented approach to help you understand complex IT issues, identify audit-relevant risks, and establish a solid foundation for reliable audit results.

If you have any questions or would like an initial consultation, please feel free to contact us at any time using our contact form.