Presentations on Independence

1. S2 Independence
Introduction
01 ISACA Standards contain basic principles and
essential procedures, identified in bold
type, that are mandatory, together with related
guidance.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

2. S2 Independence….
02 The purpose of this IS Auditing Standard is to
establish standards and guidance on
independence during the audit process.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

3. S2 Independence….
04 Organisational Independence
The IS audit function should be independent of
the area or activity being reviewed to permit
objective completion of the audit assignment.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

4. S2 Independence….
Commentary
05 The audit charter or engagement letter
should address independence and
accountability of the audit function.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

5. S2 Independence….
06 The IS auditor should be and appear to be
independent in attitude and appearance at all
times.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

6. S2 Independence….
07 If independence is impaired in fact or
appearance, the details of the impairment
should be disclosed to the appropriate parties.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

7. S2 Independence….
08 The IS auditor should be organisationally
independent of the area being audited.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

8. S2 Independence….
09 Independence should be regularly assessed
by the IS auditor, and management and the
audit committee if one is in place.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

9. S2 Independence….
10 Unless prohibited by other professional
standards or regulatory bodies, there is no
requirement for the IS auditor either to be, or to
be seen to be, independent where the nature of
the involvement in the IS initiative is one of a
non-audit role.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

10. S2 Independence….
11 The following guidance should be referred to
for further information on professional or
organisational independence:
. IS Auditing Guideline G17 Effect of Nonaudit
Role on the IS auditor’s Independence
. IS Auditing Guideline G12 Organisational
Relationship and Independence
. COBIT Framework, Control objective M4
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

11. S2 Independence….
Operative Date
12 This ISACA Standard is effective for all
information systems audits beginning 1 January
2005.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.