Major Events
There are five major events in U.S. history which have had significant impact on the growth of IT auditing. These are the Equity Funding scandal, the development of the Internet and E-commerce, the 1998 IT failure at AT&T Corporation, the Enron and Arthur Andersen LLP scandal, and the September 11, 2001 Attacks.
These events have not only heightened the need for more reliable, accurate, and secure systems but have brought a much needed focus to the importance of the accounting profession. Accountants certify the accuracy of public company financial statements and add confidence to financial markets. The heightened focus on the industry has brought improved control and higher standards for all working in accounting, especially those involved in IT auditing.
Read more about this topic: History Of Information Technology Auditing
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